facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Lease

/

2650 Rental Car Drive, Irvi...

Bioworld Merchandising Leases Industrial Space In Irving Industrial Park
LEASEDIndustrial

Bioworld Merchandising Leases Industrial Space In Irving Industrial Park

2650 Rental Car Drive, Irving, TX, USA

Building Size

123,844 SF

Asset Type

Industrial

Closing

Jan 5, 2021

AI

An industrial property located at 2650 Rental Car Drive in Irving has been leased. The property spans 123,844 square feet and sits on 46 acres of land. The tenant for this lease is Bioworld Merchandising, while the landlord is Trammell Crow.

Summary of transaction details

The lease transaction was facilitated by John Fulton, Clayton Johnson, Nora Hogan, and Jordan Wade from Transwestern, who represented the tenant. On the other side, Steve Trese and Steve Koldyke from CBRE served as the landlord's representatives.

Players

Steve Trese

CBRE

Broker

7 deals

Broker

Trammell Crow

Landlord

$655.5M

vol

6 deals

Landlord

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