Caterpillar Inc. Leases Office Space At 5205 N O'Connor Blvd In Irving With Brokers Ned Franke & Matt Heidelbaugh - Cushman & Wakefield
5205 North O'connor Boulevard
Building Size
1,400,000 SF
Asset Type
Office
Closing
May 2, 2021
AI
Caterpillar Inc., represented by Jim Umpleby, has signed a lease agreement for an office space located at 5205 N O'Connor Blvd in Irving. The property is owned by Apollo Global Real Estate, Vanderbilt Partners, and Hillwood Urban. The deal was facilitated by brokers Ned Franke and Matt Heidelbaugh from Cushman & Wakefield.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not provided
- Address: 5205 N O'Connor Blvd, Irving
- Market: Irving
The lease agreement between Caterpillar Inc. and the property owners marks another significant move in the Irving market. The 1,400,000,000-square-foot office space will serve as a strategic location for Caterpillar Inc.'s operations, led by Jim Umpleby.
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