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
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