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3131 Irving Boulevard

Electric Vehicle Company Leases 15,110 SF At The Archetype In West Dallas Industrial Redevelopment
LEASEDIndustrial

Electric Vehicle Company Leases 15,110 SF At The Archetype In West Dallas Industrial Redevelopment

3131 Irving Boulevard

Building Size

15,110 SF

Asset Type

Industrial

Closing

Dec 15, 2023

AI

An undisclosed electric vehicle company has leased 15,110 square feet at The Archetype, a West Dallas industrial redevelopment. The property is located at 3131 Irving Boulevard in Dallas. This lease brings The Archetype's occupancy to 86 percent.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not available
  • Address: 3131 Irving Boulevard, Dallas
  • Market: Dallas
  • Square Footage: 15,110

The landlord of the property, known as The Archetype, is M2G Ventures, represented by Jessica Miller Essl and Susan Miller Gruppi. The brokers responsible for the deal are Chase Miller and Everett James, who represented NAI Robert Lynn.

Players

Chase Miller

NAI Global

Broker

$8.8M

vol

11 deals

Broker

Jessica Miller Essl

M2G Ventures

Landlord

4 deals

Landlord

Dallas 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