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City Office REIT, Inc. Acquires Office Property In Preston Center, Dallas For $133.5M

5960 Berkshire Lane
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This Office property located in TX was sold for $133,500,000 over 2 years ago.

The office property located at 5960 Berkshire Ln in Preston Center, Dallas has been sold. The transaction took place on 12/09/2021. The property, with a total area of 173,000 square feet, was purchased by City Office REIT, Inc. The buyer's representative in this deal was James Farrar. The sale price for the property was $133,500,000, resulting in a price per square foot of $1,829.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $133,500,000
  • Address: 5960 Berkshire Ln, Preston Center, Dallas
  • Market: Preston Center, Dallas
  • Buyer: City Office REIT, Inc. - James Farrar
  • Square Footage: 173,000
  • Price per Square Foot: $1,829

James Farrar, representing City Office REIT, Inc., played a crucial role as the buyer's representative in this office property transaction.

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Deals
  • Location
    5960 Berkshire Ln, Dallas, TX, USA5960 Berkshire Ln, Dallas, TX, USA
  • Sale Price
    $133,500,000$133,500,000
    $771 PPSF$771 PPSF
  • Area
    173,000 SF173,000 SF
  • Asset Type
    OfficeOffice

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Deal Summary

SALE IMAGE: James Farrar DATE: 12/09/2021 ADDRESS: 5960 Berkshire Ln MARKET: Preston Center, Dallas ASSET TYPE: Office BUYER: City Office REIT, Inc. - James Farrar SALE PRICE: $133,500,000 SF: 173,000 ~ PPSF: $1,829

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