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7501 Esters Boulevard

Lawn & Garden Moves Corporate Headquarters To Esters 114 Business Center In Irving
LEASEDOffice

Lawn & Garden Moves Corporate Headquarters To Esters 114 Business Center In Irving

7501 Esters Boulevard

Building Size

11,409 SF

Asset Type

Office

Closing

May 16, 2023

AI

Lawn & Garden, a lawncare product and equipment provider, has relocated their corporate headquarters from Coppell to Irving's Esters 114 Business Center. The lease negotiations for the 11,409-square-foot office space were facilitated by Cushman & Wakefield on behalf of the landlord, Stanton Road Capital, while Colliers represented Lawn & Garden in securing the space at Esters 114.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not applicable
  • Square Footage: 11,409
  • Address: 7501 Esters Boulevard
  • Market: Irving

Clint Madison, John Fancher, and Randy Wood from Cushman & Wakefield served as the landlord's representatives in the deal, while Bill Buntyn and Dylan Smith from Colliers represented Lawn & Garden, ensuring a successful lease agreement.

Players

Dylan Smith

Broker

$15.5M

vol

3 deals

Broker
Stanton Road Capital
Stanton Road CapitalLandlord

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