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1401 Valley View Lane

ASC Engineered Solutions Secures 218400 Square Foot Lease Extension At Valley View Business Center In Irving
LEASEDIndustrial

ASC Engineered Solutions Secures 218400 Square Foot Lease Extension At Valley View Business Center In Irving

1401 Valley View Lane

Building Size

218,400 SF

Asset Type

Industrial

Closing

Oct 21, 2024

AI

The property involved in this transaction is an industrial asset located at 1401 Valley View Lane in Irving. The facility encompasses a total area of 218,400 square feet and is part of the Valley View Business Center, which spans 414,871 square feet and was constructed in 2009. This industrial building features clear heights of 30 feet, 87 dock-high doors, and five drive-in doors.

Summary of transaction details:

Newmark played a key role in securing a lease extension for ASC Engineered Solutions at the property. Holt Lunsford Commercial represented Brookfield Properties in this transaction, emphasizing the collaborative effort between the parties involved in the deal.

Players

Jeff Sanita

Newmark

Broker

$131.1M

vol

4 deals

Broker

Irving 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