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
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