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
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