CAE And Caris Life Sciences Lease 128,000 SF Office Space In Irving - Vari's Jason McCann And Reps Cushman & Wakefield And CBRE Closed The Deal
901 West Walnut Hill Lane, Irving, Texas 75038, United States
Building Size
128,000 SF
Asset Type
Office
Closing
May 2, 2022
AI
An office space located at 901 W Walnut Hill Ln in Irving has been leased. The property spans 128,000 square feet and is part of the office asset type.
Summary of transation details
- Property Type: Office
- Transaction Date: 05/03/2022
- Address: 901 W Walnut Hill Ln
- Market: Irving
- Square Footage: 128,000 SF
The landlord of the leased property is Vari, represented by Jason McCann. The tenant of the space is CAE; Caris Life Sciences. The landlord's representatives, Johnny Johnson & Chris Taylor from Cushman & Wakefield, facilitated the deal. The tenant was represented by Jeff Eiting from CBRE and Greg Burns from ESRP.
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