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5420 LBJ Freeway, Dallas, T...

Nuveen Real Estate Leases Office Space To Slalom LLC, Andersen Tax LLC, Bridgecrest, Bridge Tower & Hallmark Financial In Dallas
LEASEDOffice

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

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.

Players

Matthew Schendle

Cushman & Wakefield

Broker

7 deals

Broker
Nuveen
NuveenBrokerage
Nuveen
NuveenLender
Nuveen
NuveenLandlord

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