Southwestern Health Resources Leases 150,000 SF Office Space In Farmers Branch
1601 Lyndon B Johnson Freeway, Farmers Branch, TX, USA
Building Size
150,000 SF
Asset Type
Office
Closing
Jan 5, 2021
About this deal
AI
The leased property located at 1601-1607 Lyndon B Johnson Freeway in Farmers Branch, with a total area of 150,000 square feet, has been involved in a recent transaction.
Summary of transaction details:
- Property Type: Office
- Tenant: Southwestern Health Resources
- Landlord: Browning Place LLC
- Tenant's Representative: Paul Whitman & Pat McDowell - JLL
- Landlord's Representative: Duane Henley - Transwestern
Southwestern Health Resources, represented by Paul Whitman and Pat McDowell from JLL, entered into a lease agreement for the property. The landlord, Browning Place LLC, was represented by Duane Henley from Transwestern.
On the Map
Office
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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