Nuveen Real Estate Leases Office Space To Slalom LLC, Andersen Tax LLC, Bridgecrest, Bridge Tower & Hallmark Financial In Dallas
5420 LBJ Freeway, Dallas, TX, USA
Building Size
63,134 SF
Asset Type
Office
Closing
Nov 12, 2021
About this deal
AI
The lease for the property located at 5420 LBJ Freeway in Dallas has been finalized. The office space spans a total of 63,134 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Date: 11/12/2021
- Address: 5420 LBJ Freeway
- Market: Dallas
Nuveen Real Estate, represented by Lauren LaFever, is the landlord of the property. The tenants who have secured the lease include Slalom LLC, Andersen Tax LLC, Bridgecrest, Bridge Tower, and Hallmark Financial. The lease agreement was facilitated by Matt Schendle, Clint Madison, and Zach Bean from the Cushman & Wakefield brokerage firm.
On the Map
Office
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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