Updated Oct 29, 2024
Inovar Packaging Group Leases Industrial Space At 10470-10490 Miller Road In Dallas
10470 Miller Rd, Dallas, TX 75238, USA
Building Size
23,487 SF
Asset Type
Industrial
Closing
Jun 8, 1920
About this deal
AI
An industrial property located at 10470-10490 Miller Road in Dallas's Lake Highlands market has been leased. The property measures 23,487 square feet.
Summary of transaction details
- Property Type: Industrial
- Tenant: Inovar Packaging Group LLC – Todd Tubbs
- Landlord: Agellan Commercial REIT – Frank Camenzuli
- Broker: Stream Realty Partners – Matt Dornak & Adam Jones
- Address: 10470-10490 Miller Road, Dallas
- Market: Lake Highlands
Todd Tubbs, representing Inovar Packaging Group LLC, will be the tenant occupying the leased industrial property. The landlord in this transaction is Frank Camenzuli from Agellan Commercial REIT. Stream Realty Partners, represented by Matt Dornak and Adam Jones, acted as the broker in this deal.
On the Map
Industrial
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Players
Dallas 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