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3241 Story Rd W Irving, TX ...

Updated Oct 29, 2024

LEASEDIndustrial

Repairify Inc. Signs Six-Year Lease For 13,000 SF Industrial Space In Irving

3241 Story Rd W Irving, TX 75038, USA

Building Size

13,000 SF

Asset Type

Industrial

Closing

Jul 3, 2023

About this deal

AI

Repairify Inc. has signed a six-year lease to relocate and expand its technology division to Las Colinas Distribution Center 5 in Irving. The new 13,000-square-foot space will serve as a hub for diagnostics and technician training for data-intensive vehicles.

Summary of transaction details

Repairify Inc. has chosen to lease a 13,000-square-foot industrial space in Las Colinas Distribution Center 5, located at 3241 West Story Road in Irving. The lease agreement spans a period of six years, allowing Repairify Inc. to establish a dedicated facility for diagnostics and technician training for data-intensive vehicles.

Players

Brian Pafford

Bradford Commercial Real Estate Services

Broker

26 deals

Broker

Texas 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

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