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4004 Worth St, Dallas, TX, ...

Prism Health North Texas Leases 12835 Square Feet At 4004 Worth St Dallas From Healthcare Realty Trust Inc
LEASEDMedical Office

Prism Health North Texas Leases 12835 Square Feet At 4004 Worth St Dallas From Healthcare Realty Trust Inc

4004 Worth St, Dallas, TX, 75246

Building Size

12,835 SF

Asset Type

Medical Office

Closing

Nov 19, 2023

AI

Prism Health North Texas has signed a lease for a healthcare space measuring 12,835 square feet located at 4004 Worth St in Dallas, TX. This property is situated on the Baylor Scott & White campus in the downtown area, supporting patients living with HIV/AIDS.

Summary of transaction details:

Eliza Solender represented Prism Health North Texas in the lease negotiations, while the landlord, Healthcare Realty Trust Inc, was represented by Chris Lipscomb, Laney Underwood Delin, and Brooke Sutherland from Transwestern.

Players

Laney Underwood Delin

Transwestern

Broker

7 deals

Broker
HI
Healthcare Realty Trust IncLandlord

Dallas Medical Office Market Snapshot

Boundary boundary · Medical 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