ICM Asset Management Acquires Property From Cawley Partners With Jack Crews Of JLL As Seller's Rep
8140 Walnut Hill Ln, Dallas, TX, 75231
Building Size
168,953 SF
Asset Type
Office
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is an office building located at 8140 Walnut Hill Ln, Dallas, TX, 75231, known as One Glen Lakes. It spans a total area of 168,953 square feet and is a 10-story, Class A building situated in North Dallas, within walking distance of the Walnut Hill DART station. The building includes a deli, convenience store, and onsite banking services.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: Not disclosed
- Square Footage: 168,953
- Address: 8140 Walnut Hill Ln, Dallas, TX, 75231
- Market: Dallas
- Seller: Cawley Partners
- Buyer's Representative: ICM Asset Management
- Seller's Representative: Jack Crews - JLL
Jack Crews of JLL represented the seller, a joint venture between Stockbridge and Cawley Partners, in this transaction. Additionally, Jason Piering of JLL facilitated a five-year, floating-rate acquisition loan on behalf of the buyer, ICM Asset Management.
Players
Dallas Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas office sales on Traded.
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