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:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 4004 Worth St, Dallas, TX, 75246
- Market: Dallas
- Tenant: Prism Health North Texas
- Landlord: Healthcare Realty Trust Inc
- Tenant's Representative: Eliza Solender - Solender/Hall
- Landlord's Representatives: Laney Underwood Delin - Transwestern, Brooke Sutherland - Transwestern, Chris Lipscomb - Transwestern
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
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