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8901 Forney Rd, Dallas, TX,...

Amazon Leases Hospital In Dallas From Dalfen Industrial At 8901 Forney Rd
LEASEDHospital

Amazon Leases Hospital In Dallas From Dalfen Industrial At 8901 Forney Rd

8901 Forney Rd, Dallas, TX, 75227

Building Size

419,626 SF

Asset Type

Hospital

Closing

Nov 20, 2023

AI

The Eastpoint Distribution Center, located at 8901 Forney Road in Dallas, TX, 75227, is a 419,626-square-foot industrial property. This property, previously occupied by freight company Shippers, offers rail service and convenient access to Interstates 30 and 635. Amazon has signed a 10-year lease for this space, utilizing a 12-acre parcel on-site for van, truck, and car parking.

Summary of transaction details:

  • Property Type: Hospital
  • Transaction Amount: Not provided in the context
  • Landlord's Reps: Matt Dornak (Stream Realty Partners), Ryan Wolcott (Stream Realty Partners)
  • Tenant: Amazon
  • Landlord: Dalfen Industrial
  • Tenant's Reps: Ryan Keiser (CBRE), Dan Mulford (CBRE)

Matt Dornak and Ryan Wolcott from Stream Realty Partners represented the landlord, Dalfen Industrial, in the lease negotiations. On the other side, Ryan Keiser and Dan Mulford of CBRE acted on behalf of Amazon in securing this industrial space for the Seattle-based e-commerce giant.

Players

Matt Dornak

Stream Realty Partners⁠

Broker

15 deals

Broker
Dalfen Industrial
Dalfen IndustrialLandlord
Amazon
AmazonTenant

Dallas Hospital Market Snapshot

Boundary boundary · Hospital · 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