RPM Living Leases Office Space At 8111, 8115, & 8117 Preston Rd In Dallas With Brokers CBRE
8111 Preston Road, Dallas, Texas 75225, United States
Building Size
16,403 SF
Asset Type
Office
Closing
Jun 22, 2022
AI
Three office properties located at 8111, 8115, and 8117 Preston Rd in Dallas have been leased. The total square footage of the properties is 16,403. The lease transaction was completed on June 23, 2022.
Summary of transaction details:
- Property Type: Office
- Transaction Date: June 23, 2022
- Address: 8111, 8115, & 8117 Preston Rd, Dallas
- Market: Dallas
- Square Footage: 16,403
The landlord for these properties is KBS, while RPM Living is the tenant. The lease deal was facilitated by Alexandra Cullins, Dennis Barnes, and Jackie Marshall from CBRE.
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