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2300 N Field St, Dallas, TX...

KB Asset Management Acquires Office Building In Victory Park, Dallas For $370M
SOLDOffice

KB Asset Management Acquires Office Building In Victory Park, Dallas For $370M

2300 N Field St, Dallas, TX, USA

Building Size

866,273 SF

Asset Type

Office

Closing

Feb 16, 1920

AI

The office property located at 2300 N Field St in Dallas's Victory Park has been sold in a recent transaction. The sale was facilitated by JLL, acting as the broker in the deal. The buyer of the property was KB Asset Management, represented by Jaemin Cho, while the seller was RED Development. The transaction took place on February 17, 2020.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 2300 N Field St
  • City: Dallas
  • Market: Victory Park

KB Asset Management, led by Jaemin Cho, acquired the property from RED Development in this transaction. The property spans a total area of 866,273 square feet and has a price per square foot (PPSF) of $427.12.

Players

RD
RED DevelopmentSeller

Dallas Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93