Updated Oct 29, 2024
Newmark Negotiates Lease Extension For AmeriPac At International Commerce Park In Irving
1011 N 28th Ave Irving, TX 75063, USA
Building Size
162,500 SF
Asset Type
Industrial
Closing
Sep 13, 2023
About this deal
AI
An industrial property spanning 162,500 square feet located at 1011 North 28th Avenue in Irving has been leased. AmeriPac, a packaging and fulfillment services provider, has secured a lease extension at the International Commerce Park.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: N/A
- Market: Irving
- Tenant: AmeriPac
- Landlord's Representative: Stream Realty Partners
- Tenant's Representative: Blake Anderson - Newmark
Newmark, represented by Blake Anderson, successfully negotiated the lease extension for AmeriPac. The landlord, Stream Realty Partners, played a vital role in the deal as well.
On the Map
Industrial
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Players
Irving 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