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1125 E Campbell Rd, Richard...

DebtBlue Signs 30,291-Square-Foot Office Lease In Richardson With Cushman & Wakefield
LEASEDOffice

DebtBlue Signs 30,291-Square-Foot Office Lease In Richardson With Cushman & Wakefield

1125 E Campbell Rd, Richardson, TX...

Building Size

30,291 SF

Asset Type

Office

Closing

Nov 22, 2023

AI

The property asset involved in this transaction is an office space located at 1125 E Campbell Rd, Richardson, TX, encompassing a total area of 30,291 square feet. This lease has been secured for a national debt service settlement firm, DebtBlue, which is relocating from a smaller 6,000-square-foot space in Addison to its new headquarters in Richardson.

Summary of transaction details:

Ryan Hoopes, representing the tenant, was involved in the lease negotiations for DebtBlue's office space. The landlord, Stanton Road Capital, was represented by Clint Madison and John Fancher, both from Cushman & Wakefield, ensuring the transaction was managed effectively on both sides.

Players

Clint Madison

Cushman & Wakefield

Broker

5 deals

Broker
Stanton Road Capital
Stanton Road CapitalLandlord

Richardson 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