Bradford MPT Partners LLC Secures 20,490 Square Foot Lease Renewal With American Portfolio Mortgage Corp
17300 Dallas Parkway
Building Size
20,490 SF
Asset Type
Office
Closing
Oct 21, 2024
AI
The asset involved in this transaction is an office property located at 17300 Dallas Parkway in the Dallas market. The approximately 20,490 square-foot space is part of Bent Tree Green and has undergone a significant investment of $7.6 million in property upgrades and amenities.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 20,490
- Address: 17300 Dallas Parkway
- Market: Dallas
- Landlord: Bradford MPT Partners LLC
- Tenant: American Portfolio Mortgage Corp.
- Landlord's Representative: Melanie Hughes & Richmond Collinsworth - Bradford Commercial Real Estate Services
- Tenant's Representative: John Beach - Newmark
Bradford Commercial Real Estate Services facilitated the lease renewal for American Portfolio Mortgage Corp., enabling the tenant to maintain its headquarters in the updated facility. The renewal marks the last rollover for the year and includes plans for interior reconfiguration and improvements, reflecting the tenant's long-standing presence in the property since 2017.
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