The Michaels Companies Leases Office Space In Irving
3939 W John Carpenter Fwy, Irving, TX 75063, USA
Building Size
1,237,400 SF
Asset Type
Office
Closing
Jul 22, 2020
About this deal
AI
Located at 3939 West John Carpenter Freeway in Irving, this 123,740 square foot office property was involved in a lease transaction.
Summary of transaction details
- Property Type: Office
- Transaction Date: 07/23/2020
- Tenant: The Michaels Companies
- Landlord: Accesso
- Tenant's Representative: Jamie Jennings - Stream Realty Partners, Damian Rivera - ESRP
- Landlord's Representative: John Brownlee & Michael Williams - JLL
The lease deal was represented by Jamie Jennings from Stream Realty Partners and Damian Rivera from ESRP, who served as the tenant's representatives. On the landlord's side, John Brownlee and Michael Williams from JLL acted as the landlord's representatives.
Players
Irving Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Deal FAQ
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