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12221 Merit Drive, Dallas, ...

Crayon Software Experts USA Leases 21,000 SF Office Space In Dallas
LEASEDOffice

Crayon Software Experts USA Leases 21,000 SF Office Space In Dallas

12221 Merit Drive, Dallas, TX 75251

Building Size

21,000 SF

Asset Type

Office

Closing

Dec 8, 2021

AI

Glenn Orcutt captured an image of a recently closed lease transaction in Dallas. The lease involved an office space located at 12221 Merit Drive, spanning a size of 21,000 square feet. The transaction took place on December 8, 2021.

Summary of transaction details:

  • Property Type: Office
  • Market: Dallas
  • Address: 12221 Merit Drive
  • Tenant: Crayon Software Experts USA - Glenn Orcutt
  • Landlord: Hartman Income REIT Management, Inc. - Al Hartman, Heather MacGillis, Chris Bogard
  • Tenure: long-term

The lease deal was facilitated by Glenn Orcutt, who represented Crayon Software Experts USA. The landlord, Hartman Income REIT Management, Inc., was represented by Al Hartman, Heather MacGillis, and Chris Bogard. The terms of the lease were not disclosed further.

Players

Al Hartman

Hartman Income REIT Management, Inc

Landlord

2 deals

Landlord

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