Evan August And Jordan August Of August Real Estate Acquire Meadows Building In Dallas From Affinius Capital
5646 Milton Street
Building Size
209,122 SF
Asset Type
Office
Closing
Aug 24, 2026
About this deal
AI
The property asset involved in the transaction is an office space located at 5646 Milton Street in Dallas, which has a total square footage of 209,122. This historic Meadows Building, completed in 1955, is notable as the first high-rise constructed in Dallas outside of Downtown. It exemplifies mid-century architecture.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Buyer: Evan August & Jordan August - August Real Estate
- Seller: Affinius Capital
- Market: Dallas
In this transaction, August Real Estate's acquisition of the Meadows Building enhances its East Dallas mixed-use portfolio, which now totals approximately 900,000 square feet. Near-term plans for the building include the implementation of a robust spec suite program and updates to amenities, lobby, and back-of-house areas.
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