Updated Oct 29, 2024
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
About this deal
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.
On the Map
Industrial
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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