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500 N Akard St, Dallas, TX,...

Godwin Bowman PC Leases 24,000-Square-Foot Retail Space At 500 N Akard St
LEASEDRetail

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

Ryan Hoopes

Cushman & Wakefield

Broker

7 deals

Broker
GP
Godwin Bowman PCTenant

Dallas Retail Market Snapshot

Boundary boundary · Retail · 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