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3219 Knox St, Dallas, TX, USA

Four Rivers Capital Leases 47,850 SF Mixed-Use Space To Fortress Investment Group In Dallas
LEASEDMixed-use

Four Rivers Capital Leases 47,850 SF Mixed-Use Space To Fortress Investment Group In Dallas

3219 Knox St, Dallas, TX, USA

Building Size

47,850 SF

Asset Type

Mixed-use

Closing

Jun 11, 2021

AI

The mixed-use property at 3219 Knox St in Dallas has been leased. The transaction was completed on June 12, 2021. The property spans 47,850 square feet and is located in the Dallas market.

Summary of transaction details

The leasing deal for the property at 3219 Knox St was facilitated by a team of representatives. Howard Grufferman, Billy Vahrenkamp, and Brad Balke from Colliers International represented the tenant, Fortress Investment Group. The landlord, Four Rivers Capital, was represented by Tommy Nelson and Dennis Barnes from CBRE. These individuals played a crucial role in ensuring the successful completion of the lease agreement.

Players

Howard Grufferman

Colliers

Broker

1 deal

Broker
Fortress Investment Group
Fortress Investment GroupLender
Fortress Investment Group
Fortress Investment GroupTenant

Dallas Mixed-use Market Snapshot

Boundary boundary · Mixed-use · 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