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501 E Corporate Dr, Lewisvi...

Matt Hyman Of Duke Realty Leases 159,000 SF Commercial Space In Lewisville
LEASEDCommercial

Matt Hyman Of Duke Realty Leases 159,000 SF Commercial Space In Lewisville

501 E Corporate Dr, Lewisville, TX, 75...

Building Size

159,000 SF

Asset Type

Commercial

Closing

Jul 16, 2020

AI

Located at 501 E Corporate Dr in Lewisville, TX, the commercial property boasts 159,000 square feet of space. This property was involved in a recent lease transaction.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: Not applicable
  • Address: 501 E Corporate Dr, Lewisville, TX
  • Market: Lewisville
  • Landlord's Representative: Matt Hyman (Duke Realty)
  • Landlord: Duke Realty
  • Square Feet: 159,000

The negotiations for the lease were handled by Matt Hyman representing Duke Realty. Other brokers, including Ken Wesson with Lee & Associates, John Morrissey with Jackson Cross, and Craig Jones, Tom McCarthy, and Fred Ragsdale with JLL, were also involved in the deal. The significant lease was with Communication Test Design Inc. for 185,344 square feet of space at Lakeside Ranch Business Park in Flower Mound, Texas.

Players

Matt Hyman

Duke Realty

Broker

13 deals

Broker
Duke Realty
Duke RealtyLandlord

Lewisville Commercial Market Snapshot

Boundary boundary · Commercial · 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