Piedmont Office Realty Trust Signs Lease For 164,000 SF Office Space In Irving
750 W John Carpenter Fwy, Irving, Texas 75038, United States
Building Size
164,000 SF
Asset Type
Office
Closing
Mar 17, 2022
About this deal
AI
The office property located at 750 W. John Carpenter Freeway in Irving has recently been leased. The transaction took place on 03/18/2022, and the asset comprises approximately 164,000 square feet of space. The tenant in this lease is Piedmont Office Realty Trust, represented by Brent Smith.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not available
Brent Smith, representing Piedmont Office Realty Trust, was involved in the leasing of the property located at 750 W. John Carpenter Freeway in Irving.
Players
Irving Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
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