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500 North Akard Street

Grant Thornton Leases 24,600 SF Office Space At 500 North Akard Street In Dallas
LEASEDOffice

Grant Thornton Leases 24,600 SF Office Space At 500 North Akard Street In Dallas

500 North Akard Street

Building Size

24,600 SF

Asset Type

Office

Closing

May 5, 2022

AI

The leased property is located at 500 North Akard Street in Dallas and has a total square footage of 24,600. It is an office building owned by HPI Real Estate Services & Investments and leased to Grant Thornton.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 05/05/2022
  • Address: 500 North Akard Street, Dallas
  • Market: Dallas
  • Square Footage: 24,600

The landlord, HPI Real Estate Services & Investments, was represented by Hunter Lee, Ben Cuzen, and Luke Aviles from HPI Real Estate Services & Investments. The tenant, Grant Thornton, was represented by Travis Boothe and Robbie Baty from Cushman & Wakefield.

Players

Robbie Baty

Cushman & Wakefield

Broker

8 deals

Broker
Stream Realty Partners⁠
Stream Realty Partners⁠Brokerage

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