Financial Industry Computer Systems, Inc Leases Office Space At 14275 Midway Road In Addison, TX
14275 Midway Rd
Building Size
17,152 SF
Asset Type
Office
Closing
Jul 31, 2023
AI
The property involved in this lease transaction is an office space located at 14275 Midway Road in Addison, TX. The property has a total area of 17,152 square feet.
Summary of Transaction Details
- Property Type: Office
- Transaction Date: 07/31/2023
- Address: 14275 Midway Road, Addison, TX
- Market: Addison, TX
- Square Footage: 17,152
- Tenant: Financial Industry Computer Systems, Inc
- Landlord's Representative: Ezra Stone & Sarah Catherine Alford - Vista Holdings
- Tenant's Representative: Mark Daily
- Lease Type: Modified Gross Lease
The lease deal for the office space at 14275 Midway Road involved Financial Industry Computer Systems, Inc as the tenant. The landlord's representatives for this transaction were Ezra Stone and Sarah Catherine Alford from Vista Holdings. Mark Daily served as the tenant's representative.
Players
Addison 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