Builders FirstSource Leases Office Space In Irving With Landlord's Rep Thirty-Four Commercial & JLL
6031 Connection Drive, Irving, Texas 75039, United States
Building Size
55,000 SF
Asset Type
Office
Closing
Jun 12, 2022
AI
Builders FirstSource has recently leased an office space located at 6031 Connection Drive in Irving. The property, spanning 55,000 square feet, is owned by Piedmont Office Realty Trust. The lease transaction took place on 06/13/2022 and was facilitated by Thirty-Four Commercial and JLL as the landlord's representatives, and Colliers representing Builders FirstSource as the tenant.
Summary of transation details
- Property Type: Office
- Transaction Amount: N/A
- Address: 6031 Connection Drive
- Market: Irving
- Square Footage: 55,000
- Landlord: Piedmont Office Realty Trust
- Tenant: Builders FirstSource
- Landlord's Rep: Thirty-Four Commercial & JLL
- Tenant's Rep: Colliers
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