Featured Property
17000 N Dallas Parkway
Dallas, Texas
Dallas, Texas
The up-leg of a 1031 exchange, this 47,000 square foot office building was part of a two building portfolio acquired in June 2007. The buyer was left free to allocate prices and allocated 24% of the portfolio purchase to this asset (37% of total square footage). A high leverage assumable loan was placed on the larger asset, thus likely facilitating full exit price. We have a low leverage, pre-payable loan on this asset. The property is currently under contract for 52% more than our allocated price; a profit of $1,400,000 over an 18 month hold.
Previous Transactions - Performance History
| Property | NRA | Year of Purchase | Equity | Profit | Overall Return | Mos Held | Annualized Return |
| 800-819 Great SW Parkway | 18,000 | 1998 | $135,000 | $117,000 | 87% | 30 | 35% |
| Kingsley Business Center | 89,000 | 1999 | $480,000 | $958,000 | 200% | 47 | 51% |
| 109-333 Kirby | 96,000 | 1998 | $300,000 | $1,500,000 | 500% | 120 | 50% |
| Capital Business Park | 75,000 | 1998 | $530,000 | $1,010,000 | 190% | 30 | 76% |
| Aero & Corporate | 175,000 | 2000 | $1,050,000 | $757,000 | 72% | 33 | 26% |
| Lone Star & Plaza del Sol | 186,000 | 2001 | $1,000,000 | $1,760,000 | 176% | 19 | 111% |
| Irving Industrial Park | 109,000 | 2001 | $720,000 | $840,000 | 117% | 14 | 100% |
| Meridian Service Center | 115,000 | 2002 | $675,000 | $1,650,000 | 244% | 33 | 89% |
| Post and Paddock | 242,000 | 2003 | $2,350,000 | $1,277,000 | 54% | 18 | 36% |
| Truswal Systems | 109,000 | 2003 | $894,000 | $279,000 | 31% | 15 | 25% |
| 10817 Sanden | 34,325 | 2003 | $444,000 | $103,000 | 23% | 10 | 28% |
| 1711 Briercroft Court | 67,000 | 2003 | $630,000 | $756,000 | 120% | 19 | 76% |
| Blackmon Mooring | 102,000 | 2004 | $750,000 | $270,000 | 36% | 4 | 109% |
| Cambridge Court | 46,000 | 2004 | $900,000 | $1,133,000 | 125% | 16 | 94% |
| Valwood | 353,000 | 2004 | $7,900,000 | $4,460,000 | 56% | 30 | 22% |
| 7722 East Gray Road | 40,000 | 2004 | $240,000 | $429,000 | 178% | 16 | 133% |
| Rockworth | 132,000 | 2005 | $3,100,000 | $3,060,000 | 99% | 16 | 74% |
| Westway Business Park | 354,000 | 2005 | $6,370,000 | $5,494,000 | 86% | 20 | 51% |
| Palm Plaza | 61,000 | 2006 | $2,033,000 | $1,898,000 | 93% | 15 | 74% |
| Adobe Point | 30,000 | 2006 | $450,000 | $-127,000 | -28% | 15 | -22% |
| I-10 at 24th Street | 80,000 | 2006 | $1,100,000 | $1,080,000 | 98% | 36 | 33% |
| Texas Star Business Center | 78,000 | 2007 | $978,000 | $665,000 | 68% | 19 | 43% |
| 17000 N. Dallas Parkway | 47,000 | 2007 | $500,000 | $945,000 | 126% | 18 | 126% |
| 660 N. Central Expressway | 81,000 | 2007 | $2,030,000 | $0 | 0% | 0 | 0% |
| DFW Corporate Park | 211,000 | 2007 | $3,300,000 | $0 | 0% | 0 | 0% |