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
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