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3251 Story Road West

Southwest Networks Inc. And Airport Lighting Systems Inc. Lease 25,765 SF In Irving
LEASEDIndustrial

Southwest Networks Inc. And Airport Lighting Systems Inc. Lease 25,765 SF In Irving

3251 Story Road West & 3245 Story Road West

Building Size

51,530 SF

Asset Type

Industrial

Closing

Aug 26, 2024

AI

The transaction involves an industrial asset located at 3251 Story Road West & 3245 Story Road West in the Irving market, encompassing a total of 25,765 square feet. The property is leased by Las Colinas AAA Investment LLC to Southwest Networks Inc. and Airport Lighting Systems Inc.

Summary of transaction details:

Bradford Commercial Real Estate Services successfully secured two headquarters leases for the remaining 25,765 square feet at Las Colinas Distribution Center 5. Maddy Coffman and Canon Shoults represent Southwest Networks Inc., while Trey Goodspeed represents Airport Lighting Systems Inc. in this transaction.

Players

Brian Pafford

Bradford Commercial Real Estate Services

Broker

26 deals

Broker

Irving 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