The seller's $7.4-million note, with significant time left onthe pre-payable penalty, is held by Wells Fargo Bank, Ronald Hebertwith Marcus & Millichap in Dallas tells GlobeSt.com. Theclosing price is closely guarded, but he did say the class B officebuilding at 15110 N. Dallas Parkway sold at an 8.6% cap rate andwent for more than the $10.4-million assessment.

The buyer used proceeds from a multifamily property in SouthernCalifornia to acquire his first Texas property, getting a tenantwith a master lease through 2012. "It's an absolute triple netlease," says Hebert, who steered the sale along with MichaelLawrence in Marcus & Millichap's Newport Beach, CA office. Inturn, the bus company subleases retail space to Bank of America,rooftop cell phone towers to AT&T Wireless and billboardspace.

Hebert says Greyhound's name on the lease presented an obstaclefor some would-be buyers, but in the end there were seven lined upto take the three-acre deed from Clayton Investment Co. The SoCalbuyer had the highest offer on the table.