facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Office

/

Lease

/

1825 Lakeway Drive

OccuSystems Renews Lease For 10,394 SF Office Space At Waters Ridge Tech Center III In Lewisville
LEASEDOffice

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

Brian Pafford

Bradford Commercial Real Estate Services

Broker

26 deals

Broker

Lewisville Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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