Pillar Commercial Acquires Office Property In Dallas For 200,000 SF
3860 West Northwest Highway, Dallas, Texas 75220, United States
Building Size
200,000 SF
Asset Type
Office
Closing
Jan 6, 2022
AI
The office property located at 3860 & 3890 W. Northwest Highway in Dallas has been sold. The property spans across 8 acres and offers a total of 200,000 square feet of space. The transaction took place on January 6, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 3860 & 3890 W. Northwest Highway, Dallas
- Market: Dallas
- Acres: 8
- Square Feet: 200,000
The buyer of the property is Pillar Commercial, represented by Manuel "Manny" Ybarra. The seller in this transaction was Buchanan Street Partners. The deal was facilitated by brokerage firm JLL.
Players
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