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8080 North Central Expressway

Lucid Private Offices Leases 35,234 Square Feet At 8080 North Central Expressway In Dallas
LEASEDOffice

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:

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

Austin Studebaker

Cresa

Broker

1 deal

Broker

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