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4795 Regent Boulevard

7-Eleven Inc. Extends Office Headquarters Lease For 61,495 SF At Connection Park In Irving
LEASEDOffice

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

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.

Players

Duane Henley

Newmark

Broker

6 deals

Broker
7I
7-Eleven IncTenant

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