Singer Equities Signs 15,294-SF Lease At Cottonwood Office Center In Irving
2100 West Walnut Hill Lane & 2120 West Walnut Hill Lane
Building Size
30,588 SF
Asset Type
Office
Closing
May 21, 2024
AI
The lease transaction involved an office asset located at 2100–2120 West Walnut Hill Lane in Irving. The property spans 15,294 square feet and is situated in the Cottonwood Office Center.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2100–2120 West Walnut Hill Lane
- Market: Irving
John Dickenson and Paul Hernandez from Holt Lunsford Commercial represented Capital Commercial Investments, the landlord in the deal, while Brad Lipton of Mohr Partners served as Singer Equities' representative during the lease signing.
Players
Irving 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