Santander Consumer USA Renews 211,087 SF Lease At 1601 Elm St, Dallas
1601 Elm Street
Building Size
211,087 SF
Asset Type
Office
Closing
Jul 1, 2024
AI
The property at 1601 Elm Street in Dallas consists of an office asset spanning 211,087 square feet. The lease transaction involved Santander Consumer USA as the tenant and Pacific Elm Properties as the landlord.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1601 Elm Street
- Market: Dallas
- Tenant: Santander Consumer USA
- Landlord: Jonas Woods - Pacific Elm Properties
- Landlord's Representative: Reegan Busby & Sara Terry - Pacific Elm Properties
- Tenant's Representative: Robbie Baty & Travis Boothe - Cushman & Wakefield
The lease transaction was facilitated by Cushman & Wakefield's representatives, Robbie Baty and Travis Boothe, who negotiated on behalf of the tenant, Santander Consumer USA. Representing the landlord, Pacific Elm Properties, internally were Sara Terry and Reegan Busby.
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