Zeller Realty Acquires 300,000 SF Office In Dallas From UBS Asset Management & Transwestern Development Co
3400 North Central Expressway, Richardson, Texas 75080, United States
Building Size
300,000 SF
Asset Type
Office
Closing
Sep 1, 2022
AI
A 300,000 square foot office property located at 3400 N US 75-Central Expy 1000 in Dallas has been sold. The transaction took place on 09/02/2022. The property was purchased by Zeller Realty from UBS Asset Management & Transwestern Development Co. The deal was facilitated by JLL, who represented the buyer. The lender involved in the transaction was Rubenstein Direct Lending.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 3400 N US 75-Central Expy 1000
- Market: Dallas
- Buyer: Zeller Realty
- Seller: UBS Asset Management & Transwestern Development Co.
- Brokers: JLL
- Lender: Rubenstein Direct Lending
Players
Richardson Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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