Stream Realty Partners Brokers Lease For Lerma At 401 North Houston Street In Dallas
401 North Houston Street, Dallas, Texas 75202, United States
Building Size
27,959 SF
Asset Type
Office
Closing
Dec 8, 2022
AI
A lease transaction for an office space in Dallas has been completed at 401 North Houston Street. The property, spanning 27,959 square feet, was leased on 12/08/2022. The landlord of the property is Harwood International, and the tenant is Lerma.
Summary of transation details
- Property Type: Office
- Transaction Amount: N/A
Dan Harris & Nate Hruby from Stream Realty Partners served as the brokers in this lease deal.
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