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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1125 E Campbell Rd, Richardson, TX
- Market: Richardson
- Tenant: DebtBlue
- Landlord: Stanton Road Capital
- Tenant's Representative: Ryan Hoopes - Cushman & Wakefield
- Landlord's Representatives: Clint Madison and John Fancher - Cushman & Wakefield
- Square Feet: 30,291
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
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