8080 Tristar Dr
8080 Tristar Dr, Irving, TX, 75063
Building Size
8,346 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property involved in this transaction is an industrial lease located at 8080 Tristar Dr, Irving, TX, 75063. The lease encompasses 8,346 square feet within a building that was constructed in 1980, which has a total size of 137,237 square feet. The transaction takes place in the Irving market.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not disclosed
- Tenant: Progressive Healthcare Solutions LLC
- Landlord: KFG Investments
- Tenant's Representative: Elizabeth Jones - Shutts & Bowen
- Landlord's Representatives: Josh Barnes, Maddy Canty, Canon Shoults - Holt Lunsford Commercial
This lease negotiation was facilitated by Elizabeth Jones representing the tenant, while the landlord, KFG Investments, was represented by Josh Barnes, Maddy Canty, and Canon Shoults from Holt Lunsford Commercial, highlighting the collaboration between different real estate professionals in this transaction.
Players
Irving Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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