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
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