Royal Finish Renews 11,533 SF Lease At Sandhill Business Center In Dallas
10725 Sandhill Rd Dallas, TX 75238, USA
Building Size
11,533 SF
Asset Type
Industrial
Closing
Aug 8, 2023
AI
Royal Finish Inc. has renewed its lease for an industrial property located at 10725 Sandhill Road in northeast Dallas. The property spans a total of 11,533 square feet and is part of the Sandhill Business Center. The lease negotiations for this transaction were facilitated by Bradford Commercial Real Estate Services, representing the landlord OMO Investment Co., and Colliers, acting as the tenant's representative.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 10725 Sandhill Road, Dallas
- Market: Dallas
- Square Footage: 11,533
- Landlord: OMO Investment Co.
- Tenant: Royal Finish Inc.
- Landlord's Representative: Brian Pafford - Bradford Commercial Real Estate Services
- Tenant's Representative: Reegan Busby - Colliers
The successful lease renewal at Sandhill Business Center showcases the continued business relationship between Royal Finish Inc. and the landlord, OMO Investment Co. Brian Pafford from Bradford Commercial Real Estate Services represented the landlord in the negotiation process, while Reegan Busby from Colliers acted as the tenant's representative. Both parties worked together to secure the extension of this industrial lease, allowing Royal Finish Inc. to maintain its operations at the Sandhill Business Center.
Players
Texas 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