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
About this deal
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.
On the Map
Office
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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