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
About this deal
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.
On the Map
Office
View full map
Players
Dallas Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Browse Texas office leases on Traded.
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