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14221 Dallas North Tollway,...

IMA Financial Group Leases Office Space In Dallas North Tollway, Dallas
LEASEDOffice

IMA Financial Group Leases Office Space In Dallas North Tollway, Dallas

14221 Dallas North Tollway, Dallas, TX, USA

Building Size

30,650 SF

Asset Type

Office

Closing

Dec 2, 2021

AI

Located at 14221 Dallas North Tollway in Dallas, this office property covering an area of 30,650 square feet was recently leased.

Summary of transaction details

The lease transaction was facilitated by Chris Taylor, Matt Schendle, and Carrie Halbrooks from Cushman & Wakefield, acting as the representative for the landlord, Taconic Capital Advisors. Representing the tenant, IMA Financial Group, was Elizabeth Loving from Mohr Partners.

Players

Matthew Schendle

Cushman & Wakefield

Broker

7 deals

Broker
TA
Taconic Capital AdvisorsLandlord

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