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.
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