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2911 Lake Vista Drive, Lewi...

Ally Financial Signs 10-Year Lease At Office Building In Lewisville
LEASEDOffice

Ally Financial Signs 10-Year Lease At Office Building In Lewisville

2911 Lake Vista Drive, Lewisville, TX, USA

Building Size

163,336 SF

Asset Type

Office

Closing

Dec 14, 2020

AI

Ally Financial has recently signed a 10-year lease for a 163,336 square foot office space located at 2911 Lake Vista Drive in Lewisville. The property is owned by City Office REIT. This lease agreement was finalized on December 15, 2020.

Summary of transaction details:

  • Property Type: Office
  • Tenant: Ally Financial
  • Landlord: City Office REIT
  • Date: 12/15/2020
  • Market: Lewisville
  • Square Footage: 163,336

This transaction marks the collaboration between Ally Financial and City Office REIT, with Ally Financial securing a long-term lease for this office space in Lewisville.

Players

CR
City Office REITLandlord

Lewisville 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