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
Building Size
67,200 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
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.
Players
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