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10500 Metric Dr Dallas, TX ...

G2 Automated Technologies Renews 15,109 SF Headquarters Lease At Park Forest Business Center
LEASEDOffice

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

Dave Peterson

NAI Global

Broker

4 deals

Broker
CL
CN Real estate Investments, LLCLandlord

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