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2323 Victory Ave Dallas, Tx...

Updated Dec 4, 2024

HF Sinclair Corp. Leases 96k Sq. Ft. At One Victory Park In Dallas From Clarion Partners
LEASEDOffice

HF Sinclair Corp. Leases 96k Sq. Ft. At One Victory Park In Dallas From Clarion Partners

2323 Victory Ave Dallas, Tx 75202, Usa

Building Size

96,000 SF

Asset Type

Office

Closing

Aug 3, 2023

About this deal

AI

Energy company HF Sinclair Corp. has signed a lease agreement for over 96,000 square feet of office space at One Victory Park in Dallas. The 17-story building, owned by Clarion Partners, will now accommodate HF Sinclair Corp. as their new tenant.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: Not available
  • Address: 2323 Victory Avenue
  • Market: Dallas
  • Landlord: Clarion Partners
  • Tenant: HF Sinclair Corp. - Timothy Go

As part of the lease agreement, HF Sinclair Corp. will occupy a significant portion of the One Victory Park building, adding to the company's presence in the energy sector. Clarion Partners, the landlord, has secured a long-term tenant for this prime office space in Dallas.

Players

Clarion Partners
Clarion PartnersLender
Clarion Partners
Clarion PartnersLandlord

Texas 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

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