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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 10440 North Central Expressway
- Square Footage: 38,194
- Landlord: Bradford MPT Partners
- Tenant: Walters, Balido & Crain
- Landlord's Representative: Jared Laake & Richmond Collinsworth - Bradford Commercial Real Estate Services
- Tenant's Representative: Scott Hage & Taylor Messina - JLL
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
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