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1234 Johnson Road

Fibergrate Composite Structures Inc. Leases 13000 SF Office Space At FarmWorks One In Allen
LEASEDOffice

Fibergrate Composite Structures Inc. Leases 13000 SF Office Space At FarmWorks One In Allen

1234 Johnson Road

Building Size

13,000 SF

Asset Type

Office

Closing

May 1, 2025

AI

An office space comprising 13,000 square feet has been leased at 1234 Johnson Road in the Allen market. The asset is part of FarmWorks One and previously served as the headquarters for the tenant relocating from Dallas.

Summary of transaction details:

The deal involved representations by several key individuals. Bruce Heller represented the landlord, JaRyCo, while Eric Breiner represented the tenant, Fibergrate Composite Structures Inc. Nathan Durham and Duane Henley handled the representation of the landlord, while the tenant was represented by Anthony Delguyd, Mac Morse, and Scott Morse.

Players

Nathan Durham

Newmark

Broker

6 deals

Broker

Allen 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