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110 Freeport Pkwy, Coppell,...

Advatix Signs Lease For 29,311 SF Industrial Space In Coppell With Landlord Prologis
LEASEDIndustrial

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

Krista Raymond

KBC Advisors

Broker

6 deals

Broker
Prologis
PrologisLandlord

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