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
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