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:
- Property Type: Industrial
- Transaction Amount: Lease extension
- Address: 1401 Valley View Lane
- Market: Irving
- Landlord: Brookfield Properties
- Tenant: ASC Engineered Solutions
- Landlord's Representative: Holt Lunsford Commercial
- Tenant's Representatives: Connor Reeves, Garrett Gibbons, Jeff Sanita, John McMillan & Danny Williams - Newmark
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
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