Rachel Shreffler Of Coldwell Banker Represents 1908 Properties LLC In 51,848 SF Office Lease In Amarillo
701 South Taylor Street
Building Size
51,848 SF
Asset Type
Office
Closing
Aug 12, 2024
About this deal
AI
The property asset involved in this transaction is an office space located at 701 South Taylor Street in Amarillo. This office space encompasses a total square footage of 51,848 and is situated in a market that supports commercial leasing activities. The landlord of the property is 1908 Properties LLC.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 701 South Taylor Street
- Market: Amarillo
- Asset Size: 51,848 SF
- Landlord: 1908 Properties LLC
- Broker: Rachel Shreffler - Coldwell Banker Commercial First Equity
Rachel Shreffler of Coldwell Banker Commercial First Equity represented the landlord in this leasing transaction. The deal was successfully secured in a downtown building, showcasing the ongoing demand for office leasing in the Amarillo area.
Players
Amarillo 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