Rialto Capital Acquires Office Building On 6250 LBJ Freeway In Dallas For $60M
6250 Lyndon B Johnson Fwy, Dallas, TX 75240, USA
$60,000,000
$573/SF
Building Size
104,675 SF
Asset Type
Office
Closing
Nov 11, 2020
About this deal
AI
The office property located at 6250 LBJ Freeway in Dallas has been sold for a price of $60,000,000. The transaction took place on November 12, 2020, and was facilitated by Steven Becker. The property was purchased by Rialto Capital.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $60,000,000
Seller representation was provided by Tuesday Morning - Steven Becker, while Rialto Capital acted as the buyer in this deal.
The office sale at 6250 Lyndon B Johnson Fwy, Dallas, TX 75240, USA in Dallas, Texas sold for $60M in 2020. The building is 104,675 square feet, implying about 573 per square foot on the published price. This page is the Dallas, Texas file for the 6250 Lyndon B Johnson Fwy, Dallas, TX 75240, USA office sold: pricing, party profiles, and other closed office comps from the same Dallas sit in the Market section below. Filter that Dallas office set by closing date to see what else sold near 6250 Lyndon B Johnson Fwy, Dallas, TX 75240, USA around 2020. Published consideration for 6250 Lyndon B Johnson Fwy, Dallas, TX 75240, USA is $60M, dated 2020. Cite this Rialto Capital Acquires Office Building On 6250 LBJ Freeway In Dallas For $60M sale when underwriting similar office product around Dallas, Texas.
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Dallas Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93