Rocktop Technologies Leases 15883 Square Feet Of Office Space In Irving At 370 West Las Colinas Boulevard
370 West Las Colinas Boulevard
Building Size
15,883 SF
Asset Type
Office
Closing
Oct 10, 2024
About this deal
AI
Rocktop Technologies has subleased 15,883 square feet of office space located at 370 West Las Colinas Boulevard in Irving. The property is part of the Toyota Music Factory complex, a six-story building completed in 2018, with a total area of 166,698 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 370 West Las Colinas Boulevard
- Market: Irving
- Tenant: Rocktop Technologies
- Brokers: Kevin McGee & Zach Stevens - NAI Robert Lynn
Kevin McGee and Zach Stevens of NAI Robert Lynn represented Rocktop Technologies in this transaction, although details regarding the sublessor are not available.
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