FDIC Acquires 163,005 SF Office Space In Dallas - Jelena McWilliams
600 North Pearl Street, Dallas, TX, USA
Building Size
163,005 SF
Asset Type
Office
Closing
Jun 24, 2020
About this deal
AI
The Federal Deposit Insurance Corp. (FDIC) has leased an office space located at 600 North Pearl St in Dallas. The property is an office building with a total square footage of 163,005. The lease transaction was completed on June 24, 2021. Jelena McWilliams represented the FDIC in the deal.
Summary of transaction details
- Property Type: Office
- Transaction Date: 06/24/2021
- Address: 600 North Pearl St, Dallas
- Square Footage: 163,005
- Tenant: The Federal Deposit Insurance Corp. (FDIC)
- Tenant Representative: Jelena McWilliams
Jelena McWilliams acted as the representative for The Federal Deposit Insurance Corp. (FDIC) in the lease deal. The FDIC is an independent federal agency that provides deposit insurance to banks and promotes the stability and public confidence in the U.S. financial system.
Players
Dallas Office Market Snapshot
Boundary boundary · Office · Lease transactions
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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