Dallas Design District
An other property in Dallas, Texas. Securitized in 3 CMBS deals between 2017 and 2022.
$200.0MAppraised value (latest deal)
97.8%Occupancy
$10.0MUnderwritten NOI
5.0%Implied cap rate
- Address
- Various, Dallas, TX 75207
- Property type
- Other · Various
- Year built
- Various
- Size
- 524,030 SF
- Sponsor
- HN Capital Partners, L.L.C. and McCourt Partners Real Estate LLC
- Loan purpose
- Acquisition
- Largest tenant
- Walter Lee Culp Associates
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| JPMCC 2017-JP5 | 2017-03-29 | $193.1M | 98.7% | $11.3M | 5.8% | $75.0M | 62.1% | 1.28x | 424B |
| JPMDB 2017-C5 | 2017-03-31 | $193.1M | 98.7% | $11.3M | 5.8% | $45.0M | 62.1% | 1.28x | 424B |
| BANK 2022-BNK41 | 2022-05-05 | $200.0M | 97.8% | $10.0M | 5.0% | $85.0M | 65.2% | 1.61x | 424B |
Historical NOI reported in BANK 2022-BNK41
| Period ending | NOI |
|---|---|
| 12/31/2021 | $9.2M |
| 12/31/2020 | $8.3M |
| 12/31/2019 | $7.3M |
More CMBS properties in Texas →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.