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8550 Esters Boulevard, Irvi...

Hany Rambod's Evogen Nutrition Leases 40,582 SF Industrial Space In Irving
LEASEDIndustrial

Hany Rambod's Evogen Nutrition Leases 40,582 SF Industrial Space In Irving

8550 Esters Boulevard, Irving, Texas 75063, United States

Building Size

40,582 SF

Asset Type

Industrial

Closing

Mar 14, 2022

AI

An industrial property located at 8550 Esters Blvd in Irving has been leased. The property spans 40,582 square feet and falls under the category of "Industrial."

Summary of transaction details

  • Property Type: Industrial
  • Transaction Type: Lease
  • Date: 03/15/2022
  • Address: 8550 Esters Blvd
  • Market: Irving
  • Square Footage: 40,582

The tenant who secured the lease is Hany Rambod, the CEO of Evogen Nutrition. Hany Rambod is a well-known figure in the fitness industry, renowned for his expertise in constructing championship-winning physiques. He has been using his ground-breaking FST-7 system to help his clients win numerous accolades, including 20 Olympia titles. Additionally, he holds a Bachelor's degree in Biology with an emphasis on Neurophysiology.

Evogen Nutrition, led by Hany Rambod, is experiencing rapid growth and popularity. The company's supplement line, previously available only to Rambod's elite athlete roster, is now accessible to the public. These formulations, integral to the success of any FST-7 program, have significant effects on growth, repair, and muscle volume.

The lease transaction was facilitated by brokers Keaton Duhon and David Guinn from Davidson Bogel Real Estate.

Players

Keaton Duhon

Davidson Bogel Real Estate

Broker

10 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