David Lukes Of Curbline Properties Acquires Retail Center From Will Wilson Of Corsair Property In Dallas
5400 East Mockingbird Lane
Building Size
79,885 SF
Asset Type
Retail
Closing
Aug 5, 2025
About this deal
AI
The property involved in the transaction is a retail center located at 5400 East Mockingbird Lane in Dallas. This asset, known as Mockingbird Central Plaza, comprises approximately 79,885 square feet and was built in 1985. The center is currently 98% leased and underwent renovations under the previous ownership. It was last valued at $21 million in 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Undisclosed
- Buyer: David Lukes - Curbline Properties
- Seller: Will Wilson - Corsair Property
- Date of Transaction: 08/05/2025
- Market: Dallas
- Asset Size: 79,885 SF
The deal was brokered by Disney Investment Group, facilitating the acquisition of the retail center from Corsair Property Co. Curbline Properties' acquisition enhances its portfolio in the Dallas area, particularly near Southern Methodist University.
On the Map
Retail
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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