M Financial Group Leases 52,000 SF Office Space In Dallas's The QUAD Building
Building Size
52,000 SF
Asset Type
Office
Closing
Oct 12, 2023
AI
M Financial Group has signed a lease for approximately 52,000 square feet of space in Stream Realty Partners' The QUAD building at 2699 Howell Street in Dallas. The office space will serve as the firm's first location in Dallas and will support its network of independent Member Firms. This strategic expansion will provide M Financial Group with a centralized location in Uptown Dallas, benefiting from the flourishing financial services sector in the area.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2699 Howell Street, Dallas
- Market: Dallas
- Asset Size: 52,000 square feet
The lease agreement was facilitated by Ryan Evanich and Marissa Parkin of Stream Realty Partners, who represented the landlord. On the tenant side, Dean Collins, Mark Collins, and Doug Deurwaarder of Cushman & Wakefield represented M Financial Group in the deal.
Players
Market 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