Graybar Electric Company Leases 202,500 SF Industrial Space At 2700 Regent Boulevard In Dallas With Tenant's Rep Mike Voelker - Pinnacle Commercial And Landlord's Rep Steve Trese & Wilson Brown - CBRE
2700 Regent Blvd, Irving, TX 75063, USA
Building Size
2,025,000 SF
Asset Type
Industrial
Closing
Aug 12, 2020
AI
Located at 2700 Regent Boulevard in Dallas, this industrial property spans across 202,500 square feet. The lease transaction was finalized on August 13, 2020. Graybar Electric Company will be the tenant of the property, while Airport Trade Center will serve as the landlord.
Summary of transaction details:
- Property Type: Industrial
- Tenant: Graybar Electric Company
- Landlord: Airport Trade Center
- Tenant's Representative: Mike Voelker - Pinnacle Commercial
- Landlord's Representatives: Steve Trese & Wilson Brown - CBRE
- Square Footage: 202,500
Mike Voelker from Pinnacle Commercial represented Graybar Electric Company as their tenant's representative, while Steve Trese and Wilson Brown from CBRE served as the landlord's representatives in the deal.
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