Rialto Capital Acquires Office Building On 6250 LBJ Freeway In Dallas For $60M
SOLD
$60,000,000
Texas
See Similar DealsOffice104,675 SF
Sold 11/12/2020
SOLD
Rialto Capital Acquires Office Building On 6250 LBJ Freeway In Dallas For $60M
6250 Lyndon B Johnson Fwy, Dallas, TX 75240, USA
See Similar DealsOffice104,675 SF
Sold 11/12/2020
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$573
Total Square Footage:104,675 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,199,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$213,167.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$284,430.61
Annual Debt Service$3,413,167.33
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