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1501 Fairway Drive, Lewisvi...

ARC Franchise Holdings DFW Leases Industrial Space In Lewisville At 1501 Fairway Drive With Landlord GDT Interests - Glynn Trahan And Tenant's Rep Tommy Secules - Rubicon
LEASEDIndustrial

ARC Franchise Holdings DFW Leases Industrial Space In Lewisville At 1501 Fairway Drive With Landlord GDT Interests - Glynn Trahan And Tenant's Rep Tommy Secules - Rubicon

1501 Fairway Drive, Lewisville, Texas 75057, United States

Building Size

8,650 SF

Asset Type

Industrial

Closing

Mar 7, 2022

AI

ARC Franchise Holdings DFW has recently leased an industrial property located at 1501 Fairway Drive in Lewisville. The property spans a total of 8,650 square feet and is owned by GDT Interests, represented by Glynn Trahan. The lease transaction was facilitated by James Ewing and Tom Condon, Jr. from Colliers, who acted as the landlord's representatives. Tommy Secules from Rubicon represented ARC Franchise Holdings DFW as the tenant's representative.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Date: 03/08/2022
  • Address: 1501 Fairway Drive
  • Market: Lewisville
  • Square Footage: 8,650
  • Landlord: GDT Interests - Glynn Trahan
  • Tenant: ARC Franchise Holdings DFW
  • Landlord's Rep: James Ewing & Tom Condon, Jr. - Colliers
  • Tenant's Rep: Tommy Secules - Rubicon

This lease transaction represents a significant achievement for ARC Franchise Holdings DFW, as they secure a space in the Lewisville market. The involvement of key individuals and companies, such as Glynn Trahan of GDT Interests as the landlord and James Ewing, Tom Condon, Jr., and Tommy Secules as representatives, highlights the collaborative effort that led to the successful completion of this deal.

Players

Tom Condon Jr.

Colliers

Broker

24 deals

Broker

Lewisville 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