facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Office

/

Lease

/

409 South Houston Street, D...

Lerma Advertising Signs Lease For 27,959 SF Office Space At 409 W. Houston, Dallas
LEASEDOffice

Lerma Advertising Signs Lease For 27,959 SF Office Space At 409 W. Houston, Dallas

409 South Houston Street, Dallas, Texas 75202, United States

Building Size

27,959 SF

Asset Type

Office

Closing

Jan 4, 2022

AI

The office property located at 409 W. Houston in Dallas has been leased. The property spans 27,959 square feet and is owned by Crescent Real Estate and Longwharf. Lerma Advertising, represented by Pedro Lerma Jr., has become the tenant of this space.

Summary of transaction details:

  • Property Type: Office
  • Transaction Date: 01/04/2022
  • Address: 409 W. Houston, Dallas
  • Market: Dallas
  • Square Footage: 27,959

The lease deal was facilitated by Trey Smith, Lauren Napper, and Ward Eastman from CBRE acting as the landlord's representatives. Stream Realty Partners' Dan Harris served as the tenant's representative in this transaction.

Players

Ward Eastman

CBRE

Broker

3 deals

Broker
Crescent Real Estate
Crescent Real EstateLandlord

Dallas Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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