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2900 Gateway Drive

Olympus Controls Corp. Leases 10,747 SF Industrial Space At Gateway South In Irving
LEASEDIndustrial

Olympus Controls Corp. Leases 10,747 SF Industrial Space At Gateway South In Irving

2900 Gateway Drive

Building Size

10,747 SF

Asset Type

Industrial

Closing

Dec 14, 2023

AI

Olympus Controls Corp. has leased 10,747 square feet at Gateway South in Irving, a two-building industrial flex development. The property, located at 2900 Gateway Drive, is owned by International Capital. The lease transaction was facilitated by Brian Mulvaney from Voit Real Estate Services, who represented Olympus Controls Corp. On the landlord's side, Erik Blais and Jared Laake from Bradford Commercial Real Estate Services acted as representatives for International Capital.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not mentioned
  • Address: 2900 Gateway Drive
  • Market: Irving
  • Square Footage: 10,747

Olympus Controls Corp., an engineering and robotics services provider, has chosen Gateway South as its new location for expansion. This lease allows the company to move from its flagship location. The deal showcases the collaboration between Brian Mulvaney from Voit Real Estate Services, representing the tenant, and Erik Blais and Jared Laake from Bradford Commercial Real Estate Services, representing the landlord, International Capital.

Players

Erik Blais

Bradford Commercial Real Estate Services

Broker

13 deals

Broker

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