Javelin Energy Partners Leases 12,554 SF Office Space At 8401 North Central Expressway In Dallas
8401 N Central Expy, Dallas, TX 75225, USA
Building Size
125,540 SF
Asset Type
Office
Closing
Aug 12, 2020
AI
The recently closed lease transaction took place at 8401 North Central Expressway in Dallas. The office property spans an area of 12,554 square feet, providing ample space for the tenants.
Summary of transaction details
- Property Type: Office
- Tenant: Javelin Energy Partners
- Tenant's Rep: Clay Vaughn & Preston Lynn - CBRE
- Landlord's Rep: Worthey Wiles - Lincoln Property Company
Javelin Energy Partners, represented by Clay Vaughn and Preston Lynn from CBRE, served as the tenant in this deal. On the other hand, Worthey Wiles from Lincoln Property Company acted as the landlord's representative.
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