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2699 Howell Street

M Financial Group Leases 52,000 SF Office Space In Dallas's The QUAD Building
LEASEDOffice

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

Ramsey March

Stream Realty Partners⁠

Broker

$176.2M

vol

3 deals

Broker
Ramsey March

Ramsey March

Stream Realty Partners⁠

Landlord

$176.2M

vol

3 deals

Landlord
Stream Realty Partners⁠
Stream Realty Partners⁠Landlord

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