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
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