What is the typical land tenure?
Fee simple ownership, unless adjacent to DFW Airport, which is ground leased from DFW Airport.
What is the terminology of the purchase agreement?
Purchase and Sale Agreement or Purchase and Sale Contract
What is the average cost?
$55-$80 per sq. ft.
What is the agency fee and who pays?
1.5%-6% (0.45%-3% for high-quality investment sale) paid by seller.
What is the typical LTV?
What is the average borrowing rate?
What is the mode of payment?
Institutional investors are closing all cash in Dallas/Fort Worth, and financing after close. Owner/users follow the more traditional method of funding at close with cash and bank loan at completion of the transaction.
What are the average transaction (closing) costs?
Texas has no transfer tax, but has attorney and title fees that can vary. Typically, seller will pay title fees and each party pays own legal fees.