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
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