JP Realty Partners & Liberty Bankers Insurance Acquires 536,000 SF Office In Richardson From The Swig Co
901 South Central Expressway, Richardson, Texas 75080, United States
Building Size
536,000 SF
Asset Type
Office
Closing
Jul 10, 2022
About this deal
AI
The office property located at 901 S. Central Expressway in Richardson has been sold. The property spans 536,000 square feet and sits on approximately 29 acres. The transaction took place on July 11, 2022.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not available
- Address: 901 S. Central Expressway, Richardson
- Market: Richardson
- Size: 536,000 square feet
- Acres: 29
The buyer of the property is JP Realty Partners & Liberty Bankers Insurance, while the seller is The Swig Co. The transaction was facilitated by Andrew Levy from JLL. Happy State Bank served as the lender in this deal.
Players
Richardson 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93