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2515 McKinney Ave, Dallas, ...

NexBank Leases 27,733 SF Office Space At 2515 McKinney Avenue, Dallas
LEASEDOffice

NexBank Leases 27,733 SF Office Space At 2515 McKinney Avenue, Dallas

2515 McKinney Ave, Dallas, TX 75201, USA

Building Size

27,733 SF

Asset Type

Office

Closing

Sep 9, 2020

AI

The office property located at 2515 McKinney Avenue in Dallas has been leased. The transaction took place on September 10, 2020. The property is owned by Chateau Plaza Holdings LP and the tenant is NexBank. The leasing deal was facilitated by NexVest Realty Advisors, the tenant's representative, and Rhett Miller & Sara Terry of Stream Realty Partners, the landlord's representative. The office space measures 27,733 square feet.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not available
  • Address: 2515 McKinney Avenue
  • Market: Dallas
  • Tenant: NexBank
  • Landlord: Chateau Plaza Holdings LP
  • Tenant's Representative: NexVest Realty Advisors
  • Landlord's Representative: Rhett Miller & Sara Terry - Stream Realty Partners
  • Square Footage: 27,733 SF

The leasing deal involving the office property at 2515 McKinney Avenue in Dallas was successfully completed. NexBank, represented by NexVest Realty Advisors, became the tenant of the property owned by Chateau Plaza Holdings LP. Rhett Miller & Sara Terry of Stream Realty Partners served as the landlord's representatives in the transaction.

Players

Sara Terry

Pacific Elm Properties

Broker

3 deals

Broker
Colliers
ColliersBrokerage

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