Dallas Plastic Surgery Institute Renews 45,000 SF Lease At The Pyramids In Dallas
9101 North Central Expressway
Building Size
45,000 SF
Asset Type
Medical Office
Closing
Mar 12, 2024
AI
The Dallas Plastic Surgery Institute (DPSI) renewed its 45,000-square-foot lease at The Pyramids at Park Lane South Tower in Dallas, located at 9101 North Central Expressway. Jason Signor of Big Sky Medical served as the landlord for this medical office property within the Dallas market.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not available
- Tenant: John L. Burns Jr - Dallas Plastic Surgery Institute
- Brokers: Chris Wright & Russ Johnson - JLL
OMS Strategic Advisors facilitated the lease deal between Dallas Plastic Surgery Institute as the Tenant and Big Sky Medical as the Landlord. The institute, with 12 surgeons, offers various procedures, including on-site surgeries and recovery facilities, at its location within The Pyramids at Park Lane South Tower, Dallas.
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