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
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