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
About this deal
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.
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Deal FAQ
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