Chesmar Homes Signs 14,594 Square Foot Office Lease With Goldenrod Cos In Richardson
1500 North Greenville Avenue
Building Size
14,594 SF
Asset Type
Office
Closing
Sep 10, 2024
AI
1500 North Greenville Avenue is an office property located in Richardson, Texas, featuring a total size of 14,594 square feet. The building is owned by Goldenrod Cos., a company based in Nebraska.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Landlord: Goldenrod Cos.
- Tenant: Chesmar Homes
- Broker: Kent Smith - NAI Robert Lynn
Chesmar Homes has entered into a lease agreement for the office space at Collins Crossing. The transaction was brokered by Kent Smith, representing NAI Robert Lynn in this agreement concerning the property owned by Goldenrod Cos.
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