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4835 LBJ Freeway, Dallas, T...

Menashe Properties Acquires Office Property On LBJ Freeway In Dallas
SOLDOffice

Menashe Properties Acquires Office Property On LBJ Freeway In Dallas

4835 LBJ Freeway, Dallas, TX, USA

Building Size

367,364 SF

Asset Type

Office

Closing

Jun 4, 2020

AI

The office property located at 4835 & 5001 LBJ Freeway in Dallas has been sold. The property spans 367,364 square feet and sits on a 12-acre lot. The transaction took place on June 4, 2021.

Summary of transaction details:

  • Property Type: Office
  • Square Footage: 367,364
  • Acres: 12

The seller of the property was Brookwood Financial Partners. On the buyer's side, Menashe Properties, represented by Barry Menashe, Lauren Menashe, and Jordan Menashe, acquired the property. The deal was facilitated by brokers Gary Carr, Robert Hill, Chris Murphy, John Alvarado, and Chase Tagen from Newmark.

Players

Gary Carr

Newmark

Broker

$352.5M

vol

33 deals

Broker

Jordan Menashe

Menashe Properties

Buyer

$253.6M

vol

7 deals

Buyer
MP
Menashe PropertiesBuyer
BL
Brookwood Financial Partners, LLCSeller

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