Lothar Estein Of Estein USA And Casey Wold Of Vanderbilt Office Properties Acquire Pinnacle Tower In Dallas
5005 Lyndon B Johnson Freeway
Building Size
549,170 SF
Asset Type
Office
Closing
Mar 25, 2026
About this deal
AI
A venture of Estein USA and Vanderbilt Office Properties acquired Pinnacle Tower, a 549,170-square-foot, 24-story office building located at 5005 Lyndon B Johnson Freeway in the Dallas market from New York Life Investments. The property was recently renovated for $10 million in 2022 and is currently 88% leased, showcasing its operational status.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Square Footage: 549,170
- Address: 5005 Lyndon B Johnson Freeway
- Market: Dallas
- Buyer: Lothar Estein - Estein USA; Casey Wold - Vanderbilt Office Properties
- Seller: New York Life Investments
The deal is significant as it highlights continued investor confidence in Dallas office assets, and the property is now represented by JLL for leasing, marking a strategic move in the Dallas real estate landscape.
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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