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9101 North Central Expressway

Dallas Plastic Surgery Institute Renews 45,000 SF Lease At The Pyramids In Dallas
LEASEDMedical Office

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

Russ Johnson

JLL

Broker

4 deals

Broker

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