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
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