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10440 North Central Expressway

Walters, Balido & Crain Expands Lease By 5,958 Square Feet At Meadow Park Tower In Dallas
LEASEDOffice

Walters, Balido & Crain Expands Lease By 5,958 Square Feet At Meadow Park Tower In Dallas

10440 North Central Expressway

Building Size

38,194 SF

Asset Type

Office

Closing

Nov 12, 2024

AI

The property asset involved in this transaction is an office space located at 10440 North Central Expressway in Dallas. The asset spans 38,194 square feet and is situated in the Dallas market. The law firm Walters, Balido & Crain has entered into a lease renewal and expansion for a duration of seven years at this location.

Summary of transaction details:

Walters, Balido & Crain, a law firm and tenant at the property for 11 years, has expanded its space by adding 5,958 square feet, allowing them to occupy the building’s last two floors. Under the lease agreement, renovations are planned to follow the expansion.

Players

Scott Hage

JLL

Broker

5 deals

Broker

Dallas Office Market Snapshot

Boundary boundary · 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