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6031 Connection Drive, Irvi...

Builders FirstSource Leases Office Space In Irving With Landlord's Rep Thirty-Four Commercial & JLL
LEASEDOffice

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

Christian Ulbrich

JLL

Broker

6 deals

Broker
Thirty-Four Commercial
Thirty-Four CommercialBrokerage
Piedmont Office Realty Trust
Piedmont Office Realty TrustLandlord

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