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3100 Olympus Boulevard

Centersquare Subleases 30,342 SF Office HQ In Coppell
LEASEDOffice

Centersquare Subleases 30,342 SF Office HQ In Coppell

3100 Olympus Boulevard

Building Size

30,342 SF

Asset Type

Office

Closing

May 2, 2024

AI

The office space involved in the lease transaction is a 30,342-square-foot headquarters located at 3100 Olympus Boulevard in Coppell, Texas. The property is part of Cypress Waters, owned by Billingsley Co. The space was secured by Centersquare, offering colocation, connectivity, and cloud infrastructure solutions, to accommodate around 150 employees.

Summary of transaction details:

The lease transaction was negotiated by Cribb Altman and Curt Holcomb of JLL on behalf of Centersquare. On the other side of the deal, representing the undisclosed sublandlord were Steve Wentz, Travis Boothe, and Spencer Oster from Cushman & Wakefield. The deal took place in the vibrant market of Coppell, Texas, showcasing the collaboration between notable brokerage professionals and companies in the real estate industry.

Players

Cribb Altman

JLL

Broker

4 deals

Broker

Coppell 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