UT Southwestern Medical Center Leases Office Space In Dallas At 3000 Pegasus Park Drive
3000 Pegasus Park Drive, Dallas, TX, USA
Building Size
180,000 SF
Asset Type
Office
Closing
Feb 7, 2021
AI
The office property located at 3000 Pegasus Park Drive in Dallas has recently been leased. The transaction took place on February 8, 2021. The property, spanning 180,000 square feet, was leased by UT Southwestern Medical Center represented by Marc A. Nivet. The landlord for this lease agreement is J. Small Investments.
Summary of transaction details
- Property Type: Office
- Tenant: UT Southwestern Medical Center - Marc A. Nivet
- Landlord: J. Small Investments
- Address: 3000 Pegasus Park Drive
- Market: Dallas
- Square Footage: 180,000
Marc A. Nivet played a significant role as the representative of UT Southwestern Medical Center in negotiating this lease agreement with J. Small Investments. The terms of the lease, including the duration and rental amount, were not provided in the available information.
Players
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