Texas Excavation Safety System Secures Lease For 29,343 SF Office Space In Richardson With NAI Robert Lynn Brokers
1410 E Renner Rd, Richardson, TX 75082, USA
Building Size
29,343 SF
Asset Type
Office
Closing
Jul 28, 2020
AI
The office property located at 1410 East Renner Road in Richardson has recently been leased. The property spans 29,343 square feet and is situated in the Richardson market.
Summary of transaction details
- Property Type: Office
- Tenant: Texas Excavation Safety System
- Brokers: Dave Peterson, Mark Robertson, & Jimmy Freeman – NAI Robert Lynn
The lease of this office space was facilitated by the team at NAI Robert Lynn, represented by Dave Peterson, Mark Robertson, and Jimmy Freeman. Texas Excavation Safety System will be occupying the 29,343 square foot property located at 1410 East Renner Road in Richardson.
Players
Richardson 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