Updated Dec 11, 2024
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
About this deal
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.
On the Map
Commercial
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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