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14295 Midway Rd

The Westwood School Leases Office Space At 14295 Midway Road In Addison, TX With Landlord's Rep Sarah Catherine Alford & Ezra Stone And Tenant's Rep Ben Appleby & Austin Busse
LEASEDOffice

The Westwood School Leases Office Space At 14295 Midway Road In Addison, TX With Landlord's Rep Sarah Catherine Alford & Ezra Stone And Tenant's Rep Ben Appleby & Austin Busse

14295 Midway Rd

Building Size

98,108 SF

Asset Type

Office

Closing

Nov 10, 2023

AI

The Westwood School has recently signed a lease for an office space located at 14295 Midway Road in Addison, TX. The property, with a total area of 98,108 square feet, was leased from Vista Holdings. The Westwood School was represented by Ben Appleby and Austin Busse of Dogwood Commercial, while Sarah Catherine Alford and Ezra Stone of Vista Holdings acted as the landlord's representatives for the transaction.

Summary of transaction details

This lease agreement provides The Westwood School with a spacious office space at 14295 Midway Road. The property, located in Addison, TX, offers a total area of 98,108 square feet, providing ample room for the school's operations. The Westwood School was represented by Ben Appleby and Austin Busse of Dogwood Commercial, who ensured all the necessary lease terms were met. On the other hand, Sarah Catherine Alford and Ezra Stone, of Vista Holdings, represented the landlord's interests in this transaction.

Players

Ezra Stone

Vista Holdings

Broker

5 deals

Broker

Addison 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