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4514 Travis St Dallas, TX 7...

Douglas Elliman Inc. Expands Dallas Office Space In Knox District, Leases 8,247 SF Property
LEASEDOffice

Douglas Elliman Inc. Expands Dallas Office Space In Knox District, Leases 8,247 SF Property

4514 Travis St Dallas, TX 75205, USA

Building Size

8,247 SF

Asset Type

Office

Closing

Aug 21, 2023

AI

Douglas Elliman Inc. is expanding its Dallas office space by threefold, relocating to a larger 8,247-square-foot office in Travis Walk's prestigious Knox District. The luxury real estate company capitalized on an upcoming vacancy to secure class A space within the highly sought-after complex. The new office is located at 4514 Travis Street in Dallas and is part of the office market in Dallas.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: N/A
  • Square Footage: 8,247 SF
  • Address: 4514 Travis Street, Dallas
  • Market: Dallas

In this lease transaction, Douglas Elliman Inc. worked with the landlord's representatives, Melanie Hughes and Richmond Collinsworth of Bradford Commercial Real Estate Services. The tenant was represented by Travis Boothe and Hanna Henley of Cushman & Wakefield. It is worth noting that Douglas Elliman Inc. managed to secure the larger office space as they took advantage of an upcoming vacancy in the Travis Walk complex, allowing them to expand their Dallas office presence significantly.

Players

Richmond Collinsworth

Bradford Commercial Real Estate Services

Broker

15 deals

Broker

Douglas Elliman

Douglas Elliman

Tenant

$40.3M

vol

5 deals

Tenant

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