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1601 North Glenville Drive

AR Consultants Inc Leases 12,159 SF Industrial Space In Richardson With Lee & Associates And Maverick Commercial Real Estate
LEASEDIndustrial

AR Consultants Inc Leases 12,159 SF Industrial Space In Richardson With Lee & Associates And Maverick Commercial Real Estate

1601 North Glenville Drive

Building Size

12,159 SF

Asset Type

Industrial

Closing

Dec 14, 2023

AI

AR Consultants Inc, an archaeological services firm, has brokered a 12,159-square-foot industrial lease in Richardson. The leased property, located at 1601-1651 North Glenville Drive, is owned by Technology Properties LLC. The industrial space is situated in the vibrant market of Richardson.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Square Footage: 12,159
  • Address: 1601-1651 North Glenville Drive
  • Market: Richardson

The tenant, AR Consultants Inc, was represented by George Tanghongs and Jessica Reinhardt of Lee & Associates. Meanwhile, the landlord, Technology Properties LLC, was represented by Mark Aston and Mike Fay of Maverick Commercial Real Estate.

Note: Lee & Associates played a pivotal role in facilitating the lease agreement between AR Consultants Inc and Technology Properties LLC.

Players

George Tanghongs

Lee & Associates

Broker

7 deals

Broker

Richardson 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