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3232 McKinney Ave, Dallas, ...

ISNetworld Leases 68263 Square Feet At 3232 McKinney Ave From Gaedeke Group
LEASEDOffice

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

Wills Bauer

Stream Realty Partners⁠

Broker

4 deals

Broker
GG
Gaedeke GroupLandlord

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