SOLDOffice
Larson Capital Management Acquires Dallas Office Asset From Champion Partners
5660 North Dallas Parkway, Prosper, TX, USA
Building Size
321,578 SF
Asset Type
Office
Closing
Dec 21, 2020
AI
A 321,578 square feet office property located at 5660 & 15770 N. Dallas Parkway in Dallas was recently sold in a transaction. The sale took place on 12/22/2020.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not disclosed
The seller of the property was Champion Partners, while the buyer was Larson Capital Management - Paul Larson.
Players
CP
Champion PartnersSeller
Prosper 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