Bottleless Water Solutions Renews Lease For 3,960 SF Office Space In Grand Prairie
2214 Paddock Way Drive
Building Size
3,960 SF
Asset Type
Office
Closing
Oct 30, 2023
About this deal
AI
The property involved in this lease transaction is located at 2214 Paddock Way Drive in Grand Prairie. It is an office space with a total area of 3,960 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2214 Paddock Way Drive
- Market: Grand Prairie
Paddock Partnership is the landlord of the property, while Bottleless Water Solutions LLC is the tenant. The lease agreement involves the renewal of 3,960 square feet of flex space at One Paddock Place. This renewal ensures that the property remains fully occupied. Bradford Commercial Real Estate Services represents the landlord, and Cushman & Wakefield serves as the tenant's representative in this transaction.
Note: Bottleless Water Solutions chose to renew their lease, maintaining full occupancy at One Paddock Place. The landlord was represented by Jim Ferris and Michael W. Spain from Bradford Commercial Real Estate Services, while the tenant was represented by Collin Rock and Randy Wood from Cushman & Wakefield.
On the Map
Office
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Players
Grand Prairie 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