Duke Realty Leases 185,344 SF Office Space At 1001 Lakeside Pkwy In Flower Mound
1001 Lakeside Pkwy, Flower Mound, TX 75028, USA
Building Size
185,344 SF
Asset Type
Industrial
Closing
Jul 15, 2020
AI
Located at 1001 Lakeside Pkwy in Flower Mound, this office property with a total area of 185,344 square feet was recently leased.
Summary of transaction details
- Property Type: Office
- Transaction Date: 07/16/2020
- Market: Flower Mound
The tenant, Duke Realty, represented by Ken Wesson from Lee & Associates, and John Morrissey from Jackson Cross, leased the property. The landlord, Communication Test Design, Inc, represented by Leo Parsons, played a crucial role in the transaction.
Players
Flower Mound Industrial Market Snapshot
Boundary boundary · Industrial · 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