OccuSystems Renews Lease For 10,394 SF Office Space At Waters Ridge Tech Center III In Lewisville
1825 Lakeway Drive
Building Size
10,394 SF
Asset Type
Office
Closing
Oct 9, 2023
AI
OccuSystems Inc. has renewed its lease for 10,394 square feet of office space at Waters Ridge Tech Center III in Lewisville, Texas. The property, located at 1825 Lakeway Drive, is part of the office asset category. The transaction took place on October 9, 2023. The market in which the property is situated is Lewisville.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 10,394
- Address: 1825 Lakeway Drive
- Market: Lewisville
In this lease renewal transaction, OccuSystems Inc. was represented by Read Wyse and Taylor Dickerson from JLL. The landlord, Kennington Waters Ridge II and III, enlisted the services of Brian Pafford and Jared Laake from Bradford Commercial Real Estate Services as their representatives.
Players
Lewisville 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