GSR Andrade Architects Leases Office At Oilwell Supply Building In Dallas With Stream Realty Partners
2001 North Lamar Street
Building Size
10,491 SF
Asset Type
Office
Closing
Mar 29, 2024
About this deal
AI
The historic Oilwell Supply Building in Dallas, located at 2001 North Lamar Street, has seen a new tenant. GSR Andrade Architects signed a lease for 10,491 square feet of office space within this 73,384 square foot building. The lease was facilitated by Nate Hruby and Demian Salmon of Stream Realty Partners.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Market: Dallas
- Tenant: Fernando Andrade - GSR Andrade Architects
- Landlord: The Deal Co. & Scarlet Capital
- Brokers: Demian Salmon & Nate Hruby - Stream Realty Partners
The lease negotiations for the office space at the Oilwell Supply Building were facilitated by Nate Hruby and Demian Salmon of Stream Realty Partners, ensuring a smooth transaction for GSR Andrade Architects as they secure their new location in Dallas's West End district.
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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