Test Valley LLC Renews 35,000 Square Foot Lease At Royal Jetstar Tech Center In Irving
4040 West Royal Lane
Building Size
35,000 SF
Asset Type
Mixed-use
Closing
Oct 5, 2026
About this deal
AI
The property asset involved in this transaction is a mixed-use space located at 4040 West Royal Lane in Irving, TX. The asset features a total square footage of 35,000 within a larger 92,000-square-foot facility known as the Royal Jetstar Tech Center. The space is currently fully leased, reflecting its status and functional quality in the market.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Landlord: Pre DFW Airport LLC
- Tenant: Test Valley LLC
- Landlord's Representative: Kyle Espie - Bradford Commercial Real Estate Services
- Tenant's Representative: Lacy Milani - Milani Properties
The lease renewal was spearheaded by Lacy Milani representing Test Valley LLC and Kyle Espie representing the landlord, Pre DFW Airport LLC. This transaction illustrates the collaboration between the parties involved in maintaining the operational status of the Class-A flex property.
On the Map
Mixed-use
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Irving Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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