LEASEDOffice
Istation Leases 50,000 SF Office Space In Northeast Dallas With Newmark Knight Frank & E. Smith Advisors
8150 N Central Expy #2000, Dallas, Tx 75206, Usa
Building Size
500,000 SF
Asset Type
Office
Closing
Jun 14, 1920
AI
The property involved in this lease transaction is an office space located at 8150 N Central Expy Suite in Dallas, Northeast Dallas market. The total square footage of the space is 50,000.
Summary of transaction details
- Property Type: Office
- Tenant: Istation
- Broker: Newmark Knight Frank - John Wolf & Sara Fredericks, E. Smith Advisors
John Wolf and Sara Fredericks from Newmark Knight Frank, along with E. Smith Advisors, represented the tenant, Istation, in this lease deal.
Players
Dallas Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93