Dave & Buster’s Leases 67,200 SF Office Space In Coppell
1221 South Belt Line Road, Coppell, Texas 75019, United States
Building Size
67,200 SF
Asset Type
Office
Closing
Feb 6, 2022
AI
The property involved in the transaction is an office building located at 1221 S. Belt Line Road in Coppell. The building has a total area of 67,200 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Date: 02/07/2022
- Address: 1221 S. Belt Line Road, Coppell
- Market: Coppell
- Landlord: Columbia Texas Lakeshore Industrial LLC
- Tenant: Dave & Buster’s
- Landlord's Representative: Lincoln Property Co.
- Tenant's Representative: Robbie Baty - Cushman & Wakefield & Cribb Altman - JLL
The deal involves the tenant, Dave & Buster’s, leasing the office space from the landlord, Columbia Texas Lakeshore Industrial LLC. The landlord is represented by Lincoln Property Co., and the tenant is represented by Robbie Baty from Cushman & Wakefield and Cribb Altman from JLL.
Players
Coppell 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