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851 International Parkway

Dallas North Industrial LLC Leases Industrial Space To Incresol Inc. In Richardson
LEASEDIndustrial

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:

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

George Tanghongs

Lee & Associates

Broker

7 deals

Broker

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