Leap Applied Behavioral Services Leases Mixed-Use Space At 5510-5520 South Westmoreland Road In Dallas
5520 South Westmoreland Road
Building Size
11,196 SF
Asset Type
Mixed-use
Closing
Feb 3, 2026
AI
The property involved in this transaction is a mixed-use asset located at 5510-5520 South Westmoreland Road in Dallas. The building spans 11,196 square feet and was completed in 1985. The lease was signed by Leap Applied Behavioral Services for this space, which is part of a larger 20,357 square foot building.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: 5510-5520 South Westmoreland Road
- Market: Dallas
- Asset Size: 11,196 SF
- Tenant: Leap Applied Behavioral Services
- Landlord's Representative: Jason Gibbons - Finial Group
- Tenant's Representative: George Ndegwa - AARE Real Estate
In this transaction, Jason Gibbons from Finial Group represented the landlord, ensuring the interests of the property owner were effectively handled. Meanwhile, George Ndegwa of AARE Real Estate acted on behalf of Leap Applied Behavioral Services, facilitating their leasing of the property.
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