Big 12 Conference Leases 14,107 SF Office Space At 5215 North O'connor Blvd In Irving
5215 North O'connor Boulevard
Building Size
14,107 SF
Asset Type
Office
Closing
Feb 12, 2024
AI
Located at 5215 North O'connor Boulevard in Irving, Texas, an office space spanning 14,107 square feet has been leased. The space was leased by the Big 12 Conference, represented by Cynthia Cowen and Travis Boothe of Cushman & Wakefield. The lease transaction was motivated by the conference's expansion to 16 teams, reflecting the competitive office leasing market in the area.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not Provided
- Address: 5215 North O'connor Boulevard
- Market: Irving
- Square Footage: 14,107
The landlords involved in the lease agreement are Marc Rowan of Apollo Global, Casey Wold of Vanderbilt Office Properties, and Ross Perot, Jr. of Hillwood Urban. The landlord's representatives in the deal were Bill Brokaw and Karch Schreiner, also from Hillwood Urban.
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