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3660 Regent Boulevard

Power Home Remodeling Group Leases 22,601 SF Office Space In Irving, Texas
LEASEDOffice

Power Home Remodeling Group Leases 22,601 SF Office Space In Irving, Texas

3660 Regent Boulevard

Building Size

22,601 SF

Asset Type

Office

Closing

Jul 8, 2024

AI

Located at 3660 Regent Boulevard in Irving, Texas, the office space spans 22,601 square feet and was leased by Power Home Remodeling Group from landlord Wedge Group.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Address: 3660 Regent Boulevard
  • Market: Irving
  • Tenant: Power Home Remodeling Group
  • Landlord: Wedge Group

John Dickenson and Paul Hernandez from Holt Lunsford Commercial represented the landlord, Wedge Group, in the lease negotiation, whereas Brendan Kelley of Avison Young and Mike McElwee from Hughes Marino acted as the tenant representatives, securing the deal for Power Home Remodeling Group.

Players

Mike McElwee

Hughes Marino

Broker

4 deals

Broker

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