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750 North Saint Paul Street

Updated Dec 22, 2025

Robert Rowling Of TRT Holdings Acquires 275000 Square Foot Office Building In Dallas From Billy Prewitt
SOLDOffice

Robert Rowling Of TRT Holdings Acquires 275000 Square Foot Office Building In Dallas From Billy Prewitt

750 North Saint Paul Street

Building Size

275,000 SF

Asset Type

Office

Closing

Dec 19, 2025

About this deal

AI

An affiliate of TRT Holdings has acquired an office asset located at 750 North Saint Paul Street in Dallas. The property is a 22-story office building with a total square footage of 275,000, built in 1983 and renovated in 2016. The current occupancy is reported at 70%, and the property was last appraised at $47 million.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $47 million
  • Buyer: Robert Rowling - TRT Holdings
  • Seller: Billy Prewitt - Pacific Elm Properties
  • Market: Dallas

The transaction highlights the involvement of Robert Rowling as the representative of TRT Holdings and Billy Prewitt representing Pacific Elm Properties in the sale of this office building. The deal showcases the ongoing activity in the Dallas commercial real estate market.

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Players

Pacific Elm Properties
Pacific Elm PropertiesSeller
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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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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