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901 West Walnut Hill Lane, ...

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
LEASEDOffice

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

Chris Taylor

Cushman & Wakefield

Broker

8 deals

Broker

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