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14285 Midway Rd

Vista Holdings Leases 22,101 SF Office Space In Addison, TX
LEASEDOffice

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

Ezra Stone

Vista Holdings

Broker

5 deals

Broker

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