7-Eleven Inc. Extends Office Headquarters Lease For 61,495 SF At Connection Park In Irving
4795 Regent Boulevard
Building Size
61,495 SF
Asset Type
Office
Closing
Dec 11, 2023
About this deal
AI
7-Eleven Inc. has extended its office headquarters lease for 61,495 square feet at Connection Park in Irving. The two-building complex, owned by Chief Partners, is located at 4795 Regent Boulevard. The lease negotiations were represented by Duane Henley of Newmark for 7-Eleven and HPI Real Estate Services & Investments for the landlord.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not mentioned in CONTEXT
- Square Footage: 61,495
- Address: 4795 Regent Boulevard
- Market: Irving
The landlord, Chief Partners, was represented by Bill Vanderstraaten. 7-Eleven Inc. was represented by Joseph DePinto. Bill Vanderstraaten's representative was HPI Real Estate Services & Investments. Duane Henley, from Newmark, served as the representative for 7-Eleven Inc. in the lease negotiations.
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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