Texas AirSystems Leases 100,000& SF Office Building In Irving
8081 Royal Ridge Parkway Irving, Texas 75063, USA
Building Size
103,521 SF
Asset Type
Office
Closing
Jun 13, 2023
About this deal
AI
Texas AirSystems, a major commercial HVAC company, has leased the 100,000+ square-foot Royal Ridge II building in Las Colinas for its regional offices. The property, located at 8081 Royal Ridge Parkway in Irving, is an office space with a total area of 103,521 square feet.
Summary of transation details
- Property Type: Office
- Transaction Amount: N/A
- Address: 8081 Royal Ridge Parkway
- Market: Irving
- Tenant: Texas AirSystems - Scott Hutcheson
This lease agreement marks one of the largest office leases in Irving this year. Texas AirSystems already has a presence in the area and has chosen the Royal Ridge II building as its regional office location.
Players
Irving Office Market Snapshot
Boundary boundary · Office · Lease transactions
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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