Vista Holdings Leases 22,101 SF Office Space In Addison, TX
14285 Midway Rd
Building Size
22,101 SF
Asset Type
Office
Closing
Jul 31, 2023
AI
The property involved in this lease transaction is an office space located at 14285 Midway Road in Addison, TX. The property spans a total area of 22,101 square feet. The lease transaction took place on July 31, 2023.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 14285 Midway Road
- Market: Addison, TX
- Square Footage: 22,101
The lease was brokered by Sarah Catherine Alford and Ezra Stone of Vista Holdings. They represented the parties involved in the transaction.
The lease type for this transaction is a Modified Gross Lease. This lease agreement typically involves the tenant being responsible for base rent and a portion of the operating expenses, while the landlord covers the remaining operating expenses.
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