Jackson-Shaw Leases 31458 Square Feet At 2920 Telecom Pkwy Richardson With Josh Barnes As Landlord's Rep
2920 Telecom Pkwy, Richardson, TX...
Building Size
31,458 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property asset involved in this transaction is located at 2920 Telecom Pkwy, Richardson, TX. This lease covers a total area of 31,458 square feet within the industrial development known as Parc NorthEast, situated in the Richardson market. It is part of a larger 434,640-square-foot industrial project developed by Jackson-Shaw.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 2920 Telecom Pkwy, Richardson, TX
- Square Feet: 31,458
- Market: Richardson
- Landlord: Jackson-Shaw
- Landlord's Representative: Josh Barnes (Holt Lunsford Commercial)
- Tenant: Section Stack
The deal involved Jackson-Shaw, a locally based developer, leasing space to Section Stack, a garage door provider. Josh Barnes represented Jackson-Shaw during the lease negotiations for this property.
Players
Richardson 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