BDP Holdings Acquires Office In Southlake, TX For $76.5M From Staubach Capital
3150 Sabre Drive, Southlake, Texas 76092, United States
$76,500,000
$287/SF
Building Size
265,942 SF
Asset Type
Office
Closing
Nov 3, 2022
About this deal
AI
Located at 3150 Sabre Drive in Southlake, TX, this 12.6-acre office property was recently sold in a closed transaction. The sale was facilitated by BDP Holdings, represented by David Placek and Dennis Lim, while Staubach Capital Partners acted as the seller. The property spans 265,942 square feet and was purchased for a total of $76,500,000, resulting in a price per square foot of $288.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $76,500,000
- Address: 3150 Sabre Drive, Southlake, TX
- Market: Southlake, TX
- Acreage: 12.6 acres
The deal was facilitated by BDP Holdings, with David Placek and Dennis Lim representing the buyer. Staubach Capital Partners acted as the seller in this transaction. The buyer acquired the office property for a total of $76,500,000 at a price per square foot of $288.
Players
Southlake 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93