SOLDOffice
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
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.
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