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
Richardson Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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