Pillar Commercial Sells Office Property In Addison To Cody Payne - Colliers
3939 Belt Line Road, Addison, Texas 75001, United States
Building Size
117,173 SF
Asset Type
Office
Closing
Mar 29, 2022
About this deal
AI
The 117,173 square-foot office property located at 3939 Belt Line Road in Addison has been sold. The transaction took place on March 30, 2022. The property sits on 2.7 acres of land.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not available
- Market: Addison
- Square Footage: 117,173
- Acres: 2.7
Pillar Commercial was the seller in this transaction. The deal was facilitated by Cody Payne from Colliers.
Traded’s record for 3939 Belt Line Road, Addison, Texas 75001, United States in Addison, Texas covers a office sale from 2022. The building is 117,173 square feet, implying about 0 per square foot on the published price. Cody Payne, Colliers appear on the sale alongside Colliers. This page is the Addison, Texas file for the 3939 Belt Line Road, Addison, Texas 75001, United States office sold: pricing, party profiles, and other closed office comps from the same Addison sit in the Market section below. Filter that Addison office set by closing date to see what else sold near 3939 Belt Line Road, Addison, Texas 75001, United States around 2022. Cite this Pillar Commercial Sells Office Property In Addison To Cody Payne - Colliers sale when underwriting similar office product around Addison, Texas.
Players
Addison 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