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2425 Esters Road

Clarion Partners Leases 298341 SF Industrial Space At 2425 Esters Blvd Grapevine TX
LEASEDIndustrial

Clarion Partners Leases 298341 SF Industrial Space At 2425 Esters Blvd Grapevine TX

2425 Esters Road

Building Size

298,341 SF

Asset Type

Industrial

Closing

Mar 1, 2026

AI

The asset involved in the transaction is an industrial property located at 2425 Esters Blvd in Grapevine, TX. The property consists of 298,341 square feet and is under a NNN lease structure. The landlord of the property is Clarion Partners.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Asset Size: 298,341 SF
  • Address: 2425 Esters Blvd
  • Market: Grapevine, TX
  • Landlord: Clarion Partners
  • Landlord's Representative: Steve Trese & Wilson Brown - CBRE
  • Tenant's Representative: Ryan Lents - TIG Real Estate Services
  • Lease Type: NNN Lease

The transaction involved key representatives from the involved parties. Steve Trese and Wilson Brown represent the landlord, Clarion Partners, through CBRE, while Ryan Lents represents the tenant through TIG Real Estate Services. Their roles were essential in facilitating the lease agreement for the industrial property.

Players

Steve Trese

CBRE

Broker

7 deals

Broker
Clarion Partners
Clarion PartnersLandlord

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