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BDP Holdings Acquires Office In Southlake, TX For $76.5M From Staubach Capital

Property Image
SOLD
$76,500,000

Texas

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Office265,942 SF
Sold 11/04/2022
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Property Image
SOLD

BDP Holdings Acquires Office In Southlake, TX For $76.5M From Staubach Capital

3150 Sabre Drive, Southlake, Texas 76092, United States

See Similar Deals
Office265,942 SF
Sold 11/04/2022
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Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$287
Total Square Footage:265,942 SF
Transaction Type:Sale

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

1 deal$76.5M volume
BUYER

3 deals$128.7M volume
BUYER

Details

SOLD
IMAGE: David Placek & Dennis Lim DATE: 11/04/2022 ADDRESS: 3150 Sabre Drive MARKET: Southlake, TX ASSET TYPE: Office ~ ACRES: 12.6 BUYER: BDP Holdings (@BDPHoldings) - David Placek & Dennis Lim SELLER: Staubach Capital Partners (@StaubachCapital) SALE PRICE: $76,500,000 SF: 265,942 ~ PPSF: $288

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,080,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$271,788.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$362,649.03
Annual Debt Service$4,351,788.34