Balfour Pacific Capital Acquires Toll Hill Office Park In Dallas Sale
5310 Harvest Hill Rd, Dallas, TX, 75230
Building Size
248,045 SF
Asset Type
Office
Closing
Nov 22, 2023
AI
The Toll Hill Office Park is a 248,045-square-foot campus located one block south of the LBJ Freeway in North Dallas. The property, recently renovated, features amenities such as a deli, common area conference room, atrium seating areas with Wi-Fi, and covered parking.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 5310 Harvest Hill Rd, Dallas, TX, 75230
- Market: Dallas
- Seller's Rep: Parker McCormack (JLL)
- Buyer: Balfour Pacific Capital
Parker McCormack of JLL represented the seller, Cawley Partners, in the transaction. Additionally, Jason Piering and Will Mogk of JLL facilitated acquisition financing through NXT Capital for the buyer, Balfour Pacific Capital.
Players
Dallas Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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