WhiteBox Real Estate Sells Office Property On Commerce Street In Dallas For $1.3M
3008 Commerce St, Dallas, TX 75226, USA
$1,300,000
$218/SF
Building Size
5,952 SF
Asset Type
Office
Closing
Sep 23, 2020
About this deal
AI
The office property located at 3008 Commerce Street in Dallas was recently sold. The transaction took place on September 24, 2020. The property was listed for sale at an asking price of $1,300,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,300,000
- Address: 3008 Commerce Street
- Market: Dallas
The seller's representative in this deal was Matthew Otte from WhiteBox Real Estate, while the buyer was represented by Taylor LeMaster from Inroads Realty.
The office sale at 3008 Commerce St, Dallas, TX 75226, USA in Dallas, Texas sold for $1.3M in 2020. The building is 5,952 square feet, implying about 218 per square foot on the published price. Taylor LeMaster, Matthew Otte, Inroads Realty, Cantera Real Estate Group appear on the sale alongside Inroads Realty, Cantera Real Estate Group. This page is the Dallas, Texas file for the 3008 Commerce St, Dallas, TX 75226, USA office sold: pricing, party profiles, and other closed office comps from the same Dallas sit in the Market section below. Filter that Dallas office set by closing date to see what else sold near 3008 Commerce St, Dallas, TX 75226, USA around 2020. Published consideration for 3008 Commerce St, Dallas, TX 75226, USA is $1.3M, dated 2020. Cite this WhiteBox Real Estate Sells Office Property On Commerce Street In Dallas For $1.3M sale when underwriting similar office product around Dallas, Texas.
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Dallas Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93