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3811 Turtle Creek Blvd, Dal...

KBS Realty Advisors Leases 15,114 SF Office Space In Dallas With Newmark Knight Frank Representing Tenant And Transwestern Representing Landlord
SOLDOffice

KBS Realty Advisors Leases 15,114 SF Office Space In Dallas With Newmark Knight Frank Representing Tenant And Transwestern Representing Landlord

3811 Turtle Creek Blvd, Dallas, TX 75219, USA

Building Size

15,114 SF

Asset Type

Office

Closing

Nov 30, 2020

AI

The office property located at 3811 Turtle Creek Blvd in Dallas has recently been leased. The property, owned by KBS Realty Advisors, offers approximately 15,114 square feet of space. The lease was facilitated by Garrison Efird, Louis Pascuzzi, and Jim Cooksey from Newmark Knight Frank, who represented the tenant. On the landlord's side, Scott Walker, Kim Brooks, and Justin Miller from Transwestern acted as the landlord's representatives.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 3811 Turtle Creek Blvd
  • Market: Dallas
  • Landlord: KBS Realty Advisors
  • Square Footage: 15,114
  • Tenant’s REP: Garrison Efird, Louis Pascuzzi, & Jim Cooksey – Newmark Knight Frank
  • Landlord’s REP: Scott Walker, Kim Brooks, & Justin Miller – Transwestern

The deal involved multiple parties, with Garrison Efird, Louis Pascuzzi, and Jim Cooksey representing the tenant, while Scott Walker, Kim Brooks, and Justin Miller represented the landlord. The leased office space provides an opportunity for the tenant to conduct business in a convenient location, thanks to the efforts of the individuals and companies involved in the deal.

Players

KA
KBS Realty AdvisorsLandlord

Dallas Office Market Snapshot

Boundary boundary · Office · Sale 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