Updated Oct 29, 2024
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
- Property Type: Industrial
- Transaction Amount: Not available
- Address: 3241 West Story Road
- Market: Irving
- Landlord: Las Colinas AAA Investment LLC
- Tenant: Repairify Inc.
- Landlord's Representative: Brian Pafford - Bradford Commercial Real Estate Services
- Tenant's Representative: Chris Shilling - Minerva Realty Group
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
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