Siemens Real Estate Inc Leases 67200 Square Feet At 8600 N Royal Ln In Irving With John Wolf As Tenant's Rep
LEASED
Texas
See Similar DealsIndustrial67,200 SF
LEASED
Siemens Real Estate Inc Leases 67200 Square Feet At 8600 N Royal Ln In Irving With John Wolf As Tenant's Rep
8600 N Royal Ln, Irving, TX, 75063
See Similar DealsIndustrial67,200 SF
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:67,200 SF
Transaction Type:Lease
The property involved in this lease transaction is located at 8600 N Royal Lane, Irving, TX, 75063, and consists of a total of 67,200 square feet. It is situated in the Irving market and is part of the Freeport/Royal Trade Center, which was built on 5.8 acres in 1997 and includes office space.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not disclosed
- Tenant: Siemens Real Estate Inc
- Landlord: Goldstar Investments
- Tenant's Representative: John Wolf - Newmark
- Landlord's Representative: Lee & Associates
This transaction involved John Wolf of Newmark representing the tenant, Siemens Real Estate Inc., during the lease negotiations for the property. Lee & Associates acted as the representative for the landlord, Goldstar Investments, ensuring a comprehensive approach to the deal.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$3,851,863.45
Total Lease Value
$38,518,634.49
Net Landlord Cash Flow$3,851,863.45
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