facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Office

/

Lease

/

500 North Akard Street

Munsch Hardt Kopf & Harr Signs 15-Year Lease For 77,009 SF Office Space At Ross Tower In Dallas
LEASEDOffice

Munsch Hardt Kopf & Harr Signs 15-Year Lease For 77,009 SF Office Space At Ross Tower In Dallas

500 North Akard Street

Building Size

77,009 SF

Asset Type

Office

Closing

Sep 20, 2023

AI

Munsch Hardt Kopf & Harr law firm has relocated to a 77,009-square-foot office space on floors 40 through 42 at Ross Tower in downtown Dallas, signing a 15-year lease. The new space offers conference rooms, a work café, and an internal stairwell connecting all three floors. The property, located at 500 North Akard Street, is owned by HPI Real Estate Services & Investments.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Square Footage: 77,009
  • Address: 500 North Akard Street
  • Market: Dallas

Steven Benton, representing HPI Real Estate Services & Investments, facilitated the lease agreement with Munsch Hardt Kopf & Harr law firm. The tenant, represented by Steve Harr, will benefit from the new office space's features, including conference rooms, a work café, and an internal stairwell connecting the three floors. The lease agreement spans 15 years.

Players

HI
HPI Real Estate Services & InvestmentsLandlord
MH
Munsch Hardt Kopf & HarrTenant

Dallas Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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