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Cypress Waters BLVD, Coppel...

Updated Oct 29, 2024

Billingsley Co Leases 17327 Square Feet On Cypress Waters Blvd In Coppell With Tenant Rep Christopher Fleeger
LEASEDOffice

Billingsley Co Leases 17327 Square Feet On Cypress Waters Blvd In Coppell With Tenant Rep Christopher Fleeger

Cypress Waters BLVD, Coppell, TX, 75...

Building Size

17,327 SF

Asset Type

Office

Closing

Nov 19, 2023

About this deal

AI

Optym has signed a lease for office space at Cypress Waters, located on Cypress Waters Blvd in Coppell, TX. The leased space encompasses 17,327 square feet within a 1,000-acre mixed-use development by Billingsley Co. This development is situated just outside DFW International Airport.

Summary of transaction details:

Optym is planning to relocate its headquarters from Gainesville, Florida, to the new leased space starting in August. The lease negotiations were handled internally by Marijke Lantz of Billingsley Co., while Christopher Fleeger of Morrow Hill represented Optym in the transaction.

Players

Marijke Lantz Flowers

Billingsley Company

Broker

1 deal

Broker
BC
Billingsley CoLandlord

Coppell 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

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