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5294 Belt Line Road, Dallas...

Catapult Health Leases Office Space At 5294 Belt Line Road In Dallas
LEASEDOffice

Catapult Health Leases Office Space At 5294 Belt Line Road In Dallas

5294 Belt Line Road, Dallas, TX, USA

Building Size

30,656 SF

Asset Type

Office

Closing

Jan 25, 2021

AI

The office property located at 5294 Belt Line Road in Dallas has been leased. The property spans 30,656 square feet and sits on 16 acres.

Summary of transaction details

  • Property Type: Office
  • Address: 5294 Belt Line Road, Dallas
  • Square Footage: 30,656
  • Acres: 16

The tenant for this lease is Catapult Health, represented by David Michel. The landlord is Northwood Investors LLC. The tenant's representative in the deal is Michael Griffin from Transwestern, while the landlord is represented by Trey Smith, Lauren Napper, and Ward Eastman from CBRE.

Players

Ward Eastman

CBRE

Broker

3 deals

Broker

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