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5489 Blair Rd, Dallas, TX, ...

Fears Nachawati Law Firm Acquires Office From Southwest Transplant Alliance In Dallas
SOLDOffice

Fears Nachawati Law Firm Acquires Office From Southwest Transplant Alliance In Dallas

5489 Blair Rd, Dallas, TX, 75231

Building Size

33,561 SF

Asset Type

Office

Closing

Nov 12, 2019

AI

The property involved in the transaction is a 33,561-square-foot office building located at 5489 Blair Rd in Dallas, TX, 75231. Situated on a 0.6-acre site, this five-story building was constructed in 1985, and it is in close proximity to various health-care providers in the area, including Texas Health Presbyterian Hospital and the Texas Institute for Surgery. Additionally, the asset is conveniently located less than a mile from Highway 75 and approximately 8 miles north of downtown Dallas.

Summary of transaction details:

Fears Nachawati Law Firm acquired the office building from Southwest Transplant Alliance. The seller, a nonprofit organ recovery organization, will be relocating to a new facility a few blocks north of the current headquarters in the fall of 2020. Cushman & Wakefield's Project and Development Services Group is overseeing the construction of Southwest Transplant Alliance's new 77,000-square-foot headquarters, which will enable the company to reduce the time between organ recovery and transplantation preparation, as well as facilitate donor coordination with hospitals across the state.

Players

Mike Gosslee

Cushman & Wakefield

Broker

1 deal

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