Lucid Private Offices Leases 35,234 Square Feet At 8080 North Central Expressway In Dallas
8080 North Central Expressway
Building Size
35,234 SF
Asset Type
Office
Closing
Nov 7, 2024
AI
The property is an office space located at 8080 North Central Expressway in Dallas, featuring a total square footage of 35,234. It resides within a Class A building that spans 287,694 square feet and is managed by Intercontinental Real Estate Corp.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 8080 North Central Expressway
- Market: Dallas
- Landlord: Intercontinental Real Estate Corp
- Tenant: Lucid Private Offices
- Landlord's Representative: Grant Sumner & Taylor Lynch - Forge Commercial
- Tenant's Representative: Austin Studebaker (A_Studebaker) & John Pelletier - Cresa
Lucid Private Offices has opened a coworking space named Lucid Private Offices – NorthPark, which includes 120 private and team offices, five conference rooms, and a library. The building offers various amenities such as a fitness center and an on-site cafe.
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