Criado & Associates Leases 16,000-Square-Foot Office Space In North Dallas
3030 Lyndon B Johnson Fwy Dallas, TX 75234, USA
Building Size
16,000 SF
Asset Type
Office
Closing
Sep 12, 2023
About this deal
AI
Civil engineering firm Criado & Associates has secured a 16,000-square-foot office lease in Element Towers, located at 3030 Lyndon B. Johnson Fwy in North Dallas. The lease, representing the relocation of Criado & Associates' headquarters from Farmers Branch, is scheduled for early 2024. Element Towers is currently 68% leased.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 16,000
- Address: 3030 Lyndon B. Johnson Fwy
- Market: Dallas
Leading the transaction on behalf of the landlord, Stanton Road Capital, is Timothy Ronan Jr. As for the tenant, Criado & Associates, the company's representative is Cristina Criado.
The landlord's representatives, Russ Johnson and Kade Davis from JLL, facilitated the lease agreement. Tristan Stalker and John Beach, representing Newmark, served as the tenant's representatives.
On the Map
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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