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4851 Lyndon B Johnson Fwy, ...

Mohr Capital Acquires 4851 Lyndon B Johnson Fwy In Farmers For $34.5M With Kyle Campbell As Buyer's Rep
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Mohr Capital Acquires 4851 Lyndon B Johnson Fwy In Farmers For $34.5M With Kyle Campbell As Buyer's Rep

4851 Lyndon B Johnson Fwy, Farmers...

$34,500,000

$172/SF

Building Size

200,000 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

Mohr Capital has acquired a 200,000-square-foot office building situated at 4851 Lyndon B Johnson Freeway in Dallas for $34.5 million. The property is a 12-story building that was 90 percent leased at the time of the sale.

Summary of transaction details:

  • Property Type: Office Building
  • Transaction Amount: $34,500,000.00
  • Square Footage: 200,000
  • Address: 4851 Lyndon B Johnson Fwy, Farmers Branch, TX
  • Market: Sheridan
  • Buyer's Representative: Kyle Campbell-Mohr Capital
  • Seller's Representatives: Gary Carr-Newmark, John Alvarado-Newmark
  • Buyer: Mohr Capital
  • Seller: Undisclosed

Rodrigo Godoi and Kyle Campbell represented Mohr Capital internally in the transaction, while Gary Carr, John Alvarado, and Robert Hill of Newmark Knight Frank stood for the unidentified seller. Mohr Capital intends to implement $2 million in capital improvements to the property following the acquisition.

Players

Gary Carr

Newmark

Broker

$352.5M

vol

33 deals

Broker
Mohr Capital
Mohr CapitalBuyer

Sheridan 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

0.46%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93