Xtera Ltd. Leases 21,192 Square Feet At 121 Technology Park In Allen From Stillwater Capital
Building Size
21,192 SF
Asset Type
Industrial
Closing
Aug 1, 2024
AI
The property asset involved in this transaction is located at 121 Technology Park in Allen, TX. It is part of a 735,000-square-foot industrial development and consists of 21,192 square feet. The asset is classified under industrial use.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 121 Technology Park
- Market: Allen
- Landlord: Stillwater Capital
- Tenant: Xtera Ltd.
- Landlord's Representative: Ken Wesson - Lee & Associates
- Tenant's Representative: Christopher Schafer - Cresa
Ken Wesson of Lee & Associates represented the landlord, Stillwater Capital, while Christopher Schafer from Cresa acted on behalf of the tenant, Xtera Ltd. The lease negotiation facilitated the tenant's occupation of the specified industrial space within the broader development.
Players
Market 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