Godwin Bowman PC Leases 24,000-Square-Foot Retail Space At 500 N Akard St
500 N Akard St, Dallas, TX, 75201
Building Size
24,000 SF
Asset Type
Retail
Closing
Nov 22, 2023
AI
The retail property located at 500 N Akard St in Dallas, TX, 75201, was involved in a recent lease transaction. The asset spans 24,000 square feet and was leased to law firm Godwin Bowman PC. The deal was facilitated by Ryan Hoopes and Tom Sutherland of Cushman & Wakefield, representing the tenant.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided in the context
- Tenant's Rep: Ryan Hoopes(Cushman & Wakefield), Tom Sutherland(Cushman & Wakefield)
- Tenant: Godwin Bowman PC
- Landlord: Undisclosed
- Square Feet: 24,000
- Address: 500 N Akard St, Dallas, TX, 75201
- Market: Dallas
In the lease negotiations for Godwin Bowman PC's relocation to Ross Tower, Director Ryan Hoopes and Executive Managing Director Tom Sutherland represented the law firm. The decision to move to Ross Tower was influenced by the building's parking accommodations, location, amenities, and the aesthetic qualities of the lobby and public areas.
Players
Dallas Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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