Total Office Solutions Signs 10-Year Lease For Industrial Space In Irving

2201 Chemsearch Boulevard, Irving, TX, USA

Building Size

329,358 SF

Asset Type

Industrial

Closing

Sep 6, 2021

AI

The industrial property located at 2201 Chemsearch Blvd in Irving has been leased. The property spans over 329,358 square feet and is situated on 18.5 acres.

Summary of transaction details

Property Type: Industrial
Market: Irving
Square Footage: 329,358
Acres: 18.5

The tenant for this lease is Total Office Solutions, represented by Bobby Sterling. The lease terms span a period of 10 years.

Players

TS

Total Office SolutionsTenant

Irving 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