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4300 Macarthur Avenue

Carter & Co. Renews 7,205 SF Office Lease In Dallas At Highland Park West
LEASEDOffice

Carter & Co. Renews 7,205 SF Office Lease In Dallas At Highland Park West

4300 Macarthur Avenue

Building Size

7,205 SF

Asset Type

Office

Closing

Mar 11, 2024

AI

The office property located at 4300 Macarthur Avenue in Dallas, spanning 7,205 square feet, was the subject of a lease transaction. The space is part of the Highland Park West complex in North Dallas, which currently boasts a 96 percent occupancy rate.

Summary of transaction details:

The lease deal at Highland Park West was facilitated a year before its expiration, with Carter & Co. renewing their occupancy of the 7,205-square-foot office space. Representing the landlord in this transaction were Jared Laake and Richmond Collinsworth of Bradford Commercial Real Estate Services. On the other side, Bill Zei from McLeodZei acted as the tenant's representative in the negotiation.

Players

Richmond Collinsworth

Bradford Commercial Real Estate Services

Broker

15 deals

Broker

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