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2201 Chemsearch BLVD, Irvin...

Total Office Solutions Leases 329328 Square Feet At 2201 Chemsearch Blvd In Irving, TX
LEASEDOffice

Total Office Solutions Leases 329328 Square Feet At 2201 Chemsearch Blvd In Irving, TX

2201 Chemsearch BLVD, Irving, TX, 7...

Building Size

329,328 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property involved in this transaction is a newly built speculative development located at 2201 Chemsearch BLVD, Irving, TX. The asset encompasses a total area of 329,328 square feet and is situated on a 20-acre site. It includes 192 trailer parking stalls and 300 car parking spaces, servicing the headquarters needs of Total Office Solutions.

Summary of transaction details:

This deal highlights the collaboration between key players in the real estate market, with Craig Jones and Randy Touchstone from JLL representing the landlord, CT Realty. Total Office Solutions, a firm specializing in commercial moving and office furniture sales, will also establish a showroom within its new headquarters.

Players

Robert Deptula

Transwestern

Broker

3 deals

Broker
CR
CT RealtyLandlord
TS
Total Office SolutionsTenant

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