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:
- Property Type: Office
- Transaction Amount: Not specified
- Buyer: Fears Nachawati Law Firm
- Seller: Southwest Transplant Alliance
- Buyer's Representative: Newt Walker (Newt Walker Co)
- Seller's Representative: Mike Gosslee (Cushman & Wakefield)
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
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