Principal Investments Leases Office Space In Highland Park, Dallas
4300 Macarthur Avenue, Dallas, Texas 75209, United States
Building Size
4,545 SF
Asset Type
Office
Closing
Mar 6, 2022
About this deal
AI
Principal Investments has recently secured a lease for an office space located at 4300 MacArthur Drive in Highland Park, Dallas. The property spans approximately 4,545 square feet and is situated in a prime location in the Highland Park market.
Summary of transaction details:
- Property Type: Office
- Transaction Date: 03/07/2022
- Address: 4300 MacArthur Drive
- Market: Highland Park, Dallas
- Square Footage: 4,545
Jared Laake & Richmond Collinsworth, representing Bradford Commercial Real Estate Services, acted as the brokers in the lease deal for Principal Investments.
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