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
- Property Type: Mixed-use
- Tenant: Fortress Investment Group
- Landlord: Four Rivers Capital
- Tenant's Rep: Howard Grufferman, Billy Vahrenkamp, & Brad Balke - Colliers International, Jeff Ellerman & John Ellerman - CBRE
- Landlord's Rep: Tommy Nelson & Dennis Barnes - CBRE
- Square Footage: 47,850
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
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