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
- Property Type: Office
- Transaction Amount: Not specified
- Address: 14295 Midway Road
- Market: Addison, TX
- Tenant: The Westwood School
- Landlord's Rep: Sarah Catherine Alford & Ezra Stone - Vista Holdings
- Tenant's Rep: Ben Appleby & Austin Busse - Dogwood Commercial
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
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