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
Texas Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Deal FAQ
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