Unknown Buyer Acquires 4055 Valley View Ln In Dallas With Seller's Rep Newmark
4055 Valley View Ln, Farmers Branch...
Building Size
241,378 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
Granite Tower is a 241,378-square-foot office building located at 4055 Valley View Ln, Farmers Branch, in the Dallas market. This 10-story structure has been recently renovated and includes amenities such as a tenant lounge, conference center, and fitness center. At the time of sale, Granite Tower was 92 percent leased.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: Not Disclosed
- Address: 4055 Valley View Ln, Farmers Branch
- Market: Dallas
- Seller's Representative: Chase Tagen, Chris Murphy, Gary Carr, John Alvarado - Newmark
- Buyer: Unknown
- Square Footage: 241,378
Newmark facilitated the transaction with multiple representatives involved, including Gary Carr, Robert Hill, Chris Murphy, John Alvarado, and Chase Tagen. The identity of the buyer remains undisclosed.
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