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
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