Fenway Capital Advisors & Waterfall Asset Management Acquire Dallas Office Buildings For $105M
8150 North Central Expressway, Dallas, TX, USA
$105,000,000
$325/SF
Building Size
322,283 SF
Asset Type
Office
Closing
Apr 25, 2021
About this deal
AI
An office property located at 8150 & 8350 North Central Expressway in Dallas has been sold for a price of $105,000,000. The property spans across 870,000 square feet, resulting in a price per square foot of $121. The transaction took place on April 26, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $105,000,000
- Address: 8150 & 8350 North Central Expressway, Dallas
- Market: Dallas
The seller, Haberman & Haberman, successfully concluded the sale. On the buyer's side, Fenway Capital Advisors, represented by Patrick Tribolet and Larry Jackel, joined forces with Waterfall Asset Management, represented by Tom Capasse and Jack Ross, to acquire the property.
Players
Dallas Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93