AMLI Residential Renews And Expands Office Lease At Liberty Plaza
5055 Keller Springs Road & 5057 Keller Springs Road
Building Size
26,428 SF
Asset Type
Office
Closing
Oct 13, 2023
AI
AMLI Residential has renewed and expanded its office lease at North Dallas' Liberty Plaza. The lease covers a total of 13,214 square feet of office space located at 5055 & 5057 Keller Springs Road in Addison, Dallas. The landlord, Franklin Street Properties, represented by George J. Carter, agreed to the terms of the lease.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 5055 & 5057 Keller Springs Road
- Market: Addison, Dallas
- Square Footage: 13,214
Representing AMLI Residential in the lease transaction was Gregory Mutz. On the landlord's side, Franklin Street Properties was represented by George J. Carter. Holt Lunsford Commercial's brokers, Tyler Howarth and Caroline Hix, facilitated the negotiations for both parties.
Note: AMLI Residential renewed and expanded its 13,214-square-foot office lease at North Dallas' Liberty Plaza, with Holt Lunsford Commercial representing the landlord, Franklin Street Properties.
Players
Spring 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