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2214 Paddock Way Drive

Bottleless Water Solutions Renews Lease For 3,960 SF Office Space In Grand Prairie
LEASEDOffice

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

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.

Players

Jim Ferris

Bradford Commercial Real Estate Services

Broker

5 deals

Broker

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