Baker Distributing Co. Leases Industrial Space At 10701 North Stemmons Freeway In Dallas
10701 North Stemmons Freeway
Building Size
28,562 SF
Asset Type
Industrial
Closing
Sep 14, 2023
AI
An industrial space measuring 28,562 square feet located at 10701 North Stemmons Freeway in Dallas has been leased. The property is owned by EastGroup Properties and was represented by their broker, Donald F. Colleran. The tenant, Baker Distributing Co., secured the lease for this industrial space.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 10701 North Stemmons Freeway
- Market: Dallas
The lease agreement at 10701 North Stemmons Freeway in Dallas was negotiated by Adam Graham and Ken Wesson of Lee & Associates. They represented EastGroup Properties, the landlord, in the transaction. Baker Distributing Co. selected this industrial space for their operations but did not engage any additional brokers in the deal.
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