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
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