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4055 Valley View Ln, Farmer...

Unknown Buyer Acquires 4055 Valley View Ln In Dallas With Seller's Rep Newmark
SOLDOffice

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:

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

Gary Carr

Newmark

Broker

$352.5M

vol

33 deals

Broker

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