ISNetworld Leases 68263 Square Feet At 3232 McKinney Ave From Gaedeke Group
3232 McKinney Ave, Dallas, TX, 75204
Building Size
68,263 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
One McKinney Plaza is a 263,921-square-foot, Class A office property located at 3232 McKinney Ave, Dallas, TX, 75204. The recent lease transaction involves a 68,263-square-foot office space lease renewal within this property, which is situated in the Dallas market.
Summary of transaction details:
- Property Type: Office Lease
- Transaction Amount: Not disclosed
- Square Feet: 68,263
- Address: 3232 McKinney Ave, Dallas, TX, 75204
- Market: Dallas
- Tenant: ISNetworld
- Landlord: Gaedeke Group
- Tenant's Representatives: Craig Wilson-Stream Realty Partners, Dan Harris-Stream Realty Partners
- Landlord's Representative: Elliot Prieur
Cushman & Wakefield facilitated the lease renewal for ISNetworld, a Dallas-based human resources firm. The transaction was managed by Craig Wilson, Randy Cooper, Dan Harris, and Wills Bauer from Cushman & Wakefield, while the landlord's representation was handled internally, ensuring a streamlined process for the lease agreement.
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