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900 Jackson Street

Ray Washburne Of Charter Holdings Renewed Lease For Cooper & Scully At 900 Jackson Street
LEASEDOffice

Ray Washburne Of Charter Holdings Renewed Lease For Cooper & Scully At 900 Jackson Street

900 Jackson Street

Building Size

47,900 SF

Asset Type

Office

Closing

Jul 29, 2024

AI

The property involved in this lease transaction is an office asset located at 900 Jackson Street in Dallas. It features a total area of 47,900 square feet and is part of Founders Square, a historic office building that spans 274,000 square feet and underwent renovation in 2016.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 900 Jackson Street
  • Market: Dallas
  • Landlord: Ray Washburne - Charter Holdings
  • Tenant: John Scully - Cooper & Scully
  • Landlord's Representative: Rhett Miller IV & Sam Bass - Stream Realty Partners
  • Tenant's Representative: Jeff Ellerman & John Ellerman - CBRE

This transaction involves the law firm Cooper & Scully renewing its lease at the property, which was purchased by Charter Holdings the previous year.

Players

Jeff Ellerman

Stream Realty Partners⁠

Broker

5 deals

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