Dallas North Industrial LLC Leases Industrial Space To Incresol Inc. In Richardson
851 International Parkway & 901 International Parkway
Building Size
—
Asset Type
Industrial
Closing
Mar 1, 2024
AI
An 8,710-square-foot lease was brokered at Arapaho Place, a Richardson industrial complex located at 851 & 901 International Parkway. The landlord, Dallas North Industrial LLC, leased the property to Incresol Inc., an Indian software developer.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: Dallas North Industrial LLC
- Tenant: Incresol Inc.
- Landlord's Representatives: Ally Tanghongs, George Tanghongs, and Jessica Reinhardt - Lee & Associates
- Tenant's Representative: Nathaniel Barrett - White Rock Realty
Lee & Associates represented the landlord, Dallas North Industrial LLC, with Ally Tanghongs, George Tanghongs, and Jessica Reinhardt facilitating the lease deal. On the tenant side, Nathaniel Barrett from White Rock Realty represented Incresol Inc., the Indian software developer who secured the industrial space.
Players
Richardson 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