Brandon Shorenstein Acquires 300,000 Square Foot Office Tower In Dallas For Unspecified Amount
5956 Sherry Lane
Building Size
300,000 SF
Asset Type
Office
Closing
Sep 8, 2026
About this deal
AI
The property asset involved in the transaction is a Class AA office tower located at 5956 Sherry Lane in Dallas, TX. The asset spans 300,000 square feet and has a current leasing rate of 93%. The recent renovations have been completed, and further amenity upgrades are planned to enhance the property's appeal in the market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 300,000 SF
- Address: 5956 Sherry Lane
- Market: Dallas, TX
- Buyer: Brandon Shorenstein
- Company: Shorenstein
- Asset Status: 93% leased
- Recent Renovations: Yes
- Further Upgrades Planned: Yes
- Market Availability: 4%
- Tenant Demand: Strong
Brandon Shorenstein of Shorenstein Investment Advisers has successfully acquired the Sherry Lane Place office tower. This marks the fourth acquisition for the firm in the Dallas area within a two-year span, reflecting their strategy to expand their portfolio in response to favorable local market conditions.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93