At least one other prospective buyer, a West Coast investment group, also bid on the property, and Wolfle says the deal took four to five months to close. "It was tough to get done," he tells GlobeSt.com. "We had some parties changing their minds. Otherwise, it was pretty typical."

The garden-style complex sits in a heavily-residential area, midway between Dallas and Fort Worth, near the Brown Trail exit of the West Airport Freeway. It is fully leased to a roster of attorneys, accountants and other professionals and small businesses. Describing the property as "a solid building with a decent rate and stable rent roll," Wolfle says it was comparatively well-priced for the market. He also says the buyers are looking for additional office and retail opportunities in the area.

According to the broker, both the Hurst submarket and general Dallas Metroplex appear to be steadily improving after a brief downturn. "Cap rates are rising a little bit," he says. "There seems to be good inventory. There was some uncertainty about credit issues, but that seems to be subsiding." Russ Webb and Keith Fisher with the Dallas office of Stream Realty Partners LP represented the seller.