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
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