Advatix Signs Lease For 29,311 SF Industrial Space In Coppell With Landlord Prologis
110 Freeport Pkwy, Coppell, TX 75019, USA
Building Size
293,110 SF
Asset Type
Industrial
Closing
Aug 12, 2020
AI
The property involved in this transaction is an industrial asset located at 110 North Freeport Parkway in Coppell. The property spans a total area of 29,311 square feet. It was leased by Advatix, with Prologis serving as the landlord. The deal was facilitated by CBRE brokers Steve Trese, Nathan Lawrence, and Krista Raymond.
Summary of transaction details
- Property Type: Industrial
- Tenant: Advatix
- Landlord: Prologis
- Brokers: Steve Trese, Nathan Lawrence, and Krista Raymond – CBRE
- Address: 110 North Freeport Parkway
- Market: Coppell
- Square Footage: 29,311
Advatix leased the industrial property located at 110 North Freeport Parkway in Coppell from Prologis. The transaction was handled by CBRE brokers, namely Steve Trese, Nathan Lawrence, and Krista Raymond. The deal represents a significant industrial lease in the Coppell market.
Players
Coppell 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