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1221 South Belt Line Road, ...

Dave & Buster’s Leases 67,200 SF Office Space In Coppell
LEASEDOffice

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

Robbie Baty

Cushman & Wakefield

Broker

8 deals

Broker
DB
Dave & Buster’sTenant

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