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2801 West Airport Freeway

Heritage Auctions Leases 160,000 SF Industrial Space In Irving, Dallas
LEASEDIndustrial

Heritage Auctions Leases 160,000 SF Industrial Space In Irving, Dallas

2801 West Airport Freeway

Building Size

160,000 SF

Asset Type

Industrial

Closing

Jun 3, 2020

AI

An industrial property located at 2801 W. Airport Freeway in Dallas has been leased in a transaction that closed on 06/04/20. The property, situated in the Irving market, spans 160,000 square feet.

Summary of transaction details

  • Property Type: Industrial
  • Tenant: Heritage Auctions - Steve Ivy
  • Landlord: Bandera Ventures - Tom Leiser
  • Address: 2801 W. Airport Freeway, Dallas
  • Market: Irving
  • Square footage: 160,000

The lease deal was facilitated by Transwestern represented by Nora Hogan, Robert Deptula, & Jordan Wade, along with HPI Real Estate Services & Investments represented by Mark Hayes.

Players

Robert Deptula

Transwestern

Broker

3 deals

Broker
BV
Bandera VenturesLandlord

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