G2 Automated Technologies Renews 15,109 SF Headquarters Lease At Park Forest Business Center
10500 Metric Dr Dallas, TX 75243, USA
Building Size
15,109 SF
Asset Type
Office
Closing
Aug 28, 2023
AI
G2 Automated Technologies LLC has renewed its lease for its 15,109-square-foot headquarters located at 10500 Metric Drive in the Park Forest Business Center in northeast Dallas. The office space is situated within a three-building project that is fully leased. G2 Automated Technologies is currently the second largest tenant in the complex.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 10500 Metric Drive, Dallas
- Market: Dallas
- Square Footage: 15,109 SF
The landlord, Tyler Family Real Estate Investments LLC, successfully negotiated the lease renewal with G2 Automated Technologies LLC. Acting as the landlord's representative was Jason Finch from Bradford Commercial Real Estate Services. On the other hand, Dave Peterson from NAI Robert Lynn served as the tenant's representative in the transaction.
Players
Dallas Office Market Snapshot
Boundary boundary · Office · 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