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3010 Lyndon B Johnson Freew...

Newmark Brokers Acquire 673,150 SF Office Space On LBJ Freeway In North Dallas
SOLDOffice

Newmark Brokers Acquire 673,150 SF Office Space On LBJ Freeway In North Dallas

3010 Lyndon B Johnson Freeway, Dallas, Texas 75234, United States

Building Size

673,150 SF

Asset Type

Office

Closing

Jun 16, 2022

AI

Two office buildings located at 3010 & 3030 LBJ Freeway in North Dallas have been sold in a recent transaction. The properties have a combined square footage of 673,150 and sit on approximately 7 acres of land. The sale was facilitated by brokers Gary Carr, Chris Murphy, Robert Hill, and Chase Tagen from Newmark. The transaction took place on 06/17/2022.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 3010 & 3030 LBJ Freeway
  • Location: North Dallas
  • Square Footage: 673,150
  • Land Size: 7 acres

In addition to the brokers from Newmark, mortgage brokers David Milestone, Brett Green, and Josh Francis also played a role in the transaction. No further details about the mortgage or loan amount have been provided.

Players

David Milestone

CBRE

Broker

$883.7M

vol

9 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