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500 North Akard Street

Bandera Ventures Leases 45,000 SF Office Space In Dallas To Godwin Bowman PC, McGinnis Lochridge LLP, And Steptoe & Johnson PLLC
LEASEDOffice

Bandera Ventures Leases 45,000 SF Office Space In Dallas To Godwin Bowman PC, McGinnis Lochridge LLP, And Steptoe & Johnson PLLC

500 North Akard Street

Building Size

45,000 SF

Asset Type

Office

Closing

May 25, 2022

AI

The office property located at 500 N. Akard St in Dallas has been leased. The property spans approximately 45,000 square feet and is owned by Bandera Ventures.

Summary of transaction details:

Hunter Lee, Ben Cuzen, and Luke Aviles of HPI Real Estate Services & Investments represented the landlord, Bandera Ventures, in this lease transaction. The tenant is represented by Savills and Cushman & Wakefield.

Players

Hunter Lee

HPI Real Estate Services & Investments

Broker

2 deals

Broker
BV
Bandera VenturesLandlord
GP
Godwin Bowman PCTenant

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