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701 Spinks Road

Encompass Supply Chain Solutions Leases 103,130 SF Industrial Space In Lewisville
LEASEDIndustrial

Encompass Supply Chain Solutions Leases 103,130 SF Industrial Space In Lewisville

701 Spinks Road

Building Size

103,130 SF

Asset Type

Industrial

Closing

Mar 3, 2023

AI

The industrial property located at 701 Spinks Road in Lewisville has been leased. The property spans an area of 103,130 square feet, making it suitable for various industrial purposes. The lease transaction took place on 03/03/2023.

Summary of Transaction Details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 701 Spinks Road, Lewisville
  • Market: Lewisville
  • Tenant: Encompass Supply Chain Solutions LLC
  • Brokers: Bob Hagewood & Jeremy Kelly - Stream Realty Partners; SK Commercial Realty

The deal was facilitated by Bob Hagewood and Jeremy Kelly from Stream Realty Partners, in collaboration with SK Commercial Realty. Encompass Supply Chain Solutions LLC, the tenant, has secured the lease for the industrial property. Additional details regarding the terms of the lease were not provided in the available information.

Players

Bob Hagewood

Stream Realty Partners⁠

Broker

4 deals

Broker

North Richmond Industrial Market Snapshot

Boundary boundary · Industrial · 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