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2626 Cole Ave, Dallas, TX, USA

Talon Private Capital Acquires Office Property On Cole Ave, Dallas From Partners Group And Accesso Partners
SOLDOffice

Talon Private Capital Acquires Office Property On Cole Ave, Dallas From Partners Group And Accesso Partners

2626 Cole Ave, Dallas, TX, USA

Building Size

120,599 SF

Asset Type

Office

Closing

Oct 18, 2021

AI

Located at 2626 Cole Ave in Dallas, this office property was recently sold in a transaction on October 19, 2021. The property spans a total of 120,599 square feet. The sale was facilitated by brokers Andrew Levy, Todd Savage, and Parker McCormack from JLL.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified

Talon Private Capital, represented by Bill Pollard, served as the buyer in the transaction. On the other hand, Partners Group, represented by David Layton, and Accesso Partners, represented by Ariel Bentata, acted as the sellers.

Players

Parker McCormack

JLL

Broker

7 deals

Broker

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