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5420 Lyndon B Johnson Fwy D...

Invitation Homes Leases 50,000 SF Of Headquarters Space In Dallas's Lincoln Centre
LEASEDOffice

Invitation Homes Leases 50,000 SF Of Headquarters Space In Dallas's Lincoln Centre

5420 Lyndon B Johnson Fwy Dallas, TX 75240, USA

Building Size

50,000 SF

Asset Type

Office

Closing

Aug 2, 2023

AI

Invitation Homes, a leading rental home property owner, has leased 50,000 square feet of headquarters space at Dallas's Lincoln Centre. The office property, located at 5420 Lyndon B Johnson Fwy, is situated in the Dallas market. The lease transaction occurred on 08/02/2023.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Square Footage: 50,000
  • Address: 5420 Lyndon B Johnson Fwy
  • Market: Dallas
  • Tenant: Invitation Homes - Dallas B. Tanner
  • Broker: Cushman & Wakefield

Invitation Homes, led by Dallas B. Tanner, has chosen Lincoln Centre in Dallas as its new headquarters. The company plans to invest $8 million in renovations for its 50,000-square-foot space. This significant lease agreement solidifies Invitation Homes' presence in the Dallas market, demonstrating its commitment to providing quality rental homes.

Players

IH
Invitation HomesTenant

Texas 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