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1500 North Greenville Avenue

Chesmar Homes Signs 14,594 Square Foot Office Lease With Goldenrod Cos In Richardson
LEASEDOffice

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

Kent Smith

NAI Global

Broker

7 deals

Broker

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