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
Dallas Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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