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8111 Royal Ridge Pkwy, Irvi...

American Honda Finance Corp Leases Office Space In Irving, TX With CBRE And JLL
LEASEDOffice

American Honda Finance Corp Leases Office Space In Irving, TX With CBRE And JLL

8111 Royal Ridge Pkwy, Irving, TX, 75...

Building Size

23,142 SF

Asset Type

Office

Closing

Nov 22, 2023

AI

The Royal Ridge complex, located at 8111 Royal Ridge Pkwy in Irving, TX, spans 500,000 square feet and houses various office spaces. American Honda Finance Corp. has expanded its office lease within the complex, adding 23,142 square feet to its existing footprint. The property is owned by Accesso, a Florida-based landlord, while the tenant was represented by Tim Vaughan from CBRE, and the landlord was represented by Michael Williams from JLL.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant: American Honda Finance Corp
  • Landlord: Accesso
  • Square Feet: 23,142
  • Tenant's Rep: Tim Vaughan (CBRE)
  • Landlord's Rep: Michael Williams (JLL)

American Honda Finance Corp’s lease expansion brings their total office space at Royal Ridge to nearly 100,000 square feet. Timothy Vaughan of CBRE represented the tenant, while John Brownlee and Michael Williams of JLL worked on behalf of the landlord, Accesso, in the negotiations. The deal showcases the continued growth and commitment of American Honda Finance Corp within the Royal Ridge complex in Irving.

Players

Michael Williams

JLL

Broker

4 deals

Broker
Accesso
AccessoLandlord

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