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
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