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1845 Woodall Rodgers Freeway

Gray Reed Leases 50,000 SF Office At 1845 Woodall Rodgers Freeway In Dallas
LEASEDOffice

Gray Reed Leases 50,000 SF Office At 1845 Woodall Rodgers Freeway In Dallas

1845 Woodall Rodgers Freeway

Building Size

50,000 SF

Asset Type

Office

Closing

Oct 28, 2024

AI

The property asset involved in this transaction is located at 1845 Woodall Rodgers Freeway in Dallas. It is an office space totaling 50,000 square feet. The lease type is a NNN Lease, indicating that the tenant is responsible for property taxes, insurance, and maintenance costs in addition to rent.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1845 Woodall Rodgers Freeway
  • Market: Dallas
  • Landlord: Woodbine Development Corporation & First United Bank
  • Tenant: Gray Reed
  • Landlord's Representative: Alexis Martinez - Woodbine Commercial
  • Tenant's Representatives: John Beach & Jay Magness - Newmark

Key individuals involved in this transaction include Alexis Martinez representing the landlord Woodbine Development Corporation and First United Bank. The tenant, Gray Reed, is represented by John Beach and Jay Magness from Newmark, highlighting a collaboration between these real estate professionals in securing the lease agreement.

Players

John Beach

Newmark

Broker

$63M

vol

8 deals

Broker

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