LEASEDOffice
Churchill Communities Leases Office Space At 5605 North Macarthur Boulevard In Irving
5605 N MacArthur Blvd, Irving, TX 75038, USA
Building Size
43,770 SF
Asset Type
Office
Closing
Aug 12, 2020
AI
The Office property located at 5605 North Macarthur Boulevard in Irving has been leased. The transaction was finalized on August 13, 2020.
Summary of transaction details
- Property Type: Office
- Tenant: Churchill Communities
- Tenant's Representative: Clay Vaughn & Preston Lynn - CBRE
- Landlord's Representative: Matt Hurlbut - Transwestern
- Square Footage: 4,377
Clay Vaughn and Preston Lynn from CBRE represented the tenant, Churchill Communities, in the deal. Meanwhile, Matt Hurlbut from Transwestern served as the landlord's representative.
Players
Irving Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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