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11431 Ferrell Dr Farmers Br...

AlarMax Distributors Inc Leases 11,430 SF Industrial Space In Farmers Branch
LEASEDIndustrial

AlarMax Distributors Inc Leases 11,430 SF Industrial Space In Farmers Branch

11431 Ferrell Dr Farmers Branch, TX 75234, USA

Building Size

11,430 SF

Asset Type

Industrial

Closing

Jun 19, 2023

AI

Pittsburgh-based AlarMax Distributors Inc. has leased a 11,430-square-foot space in Farmers Branch to double the size of its regional sales and distribution hub. The new location will include a retail showroom for its security and low-voltage products.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: N/A
  • Address: 11431 Ferrell Drive
  • Market: Farmers Branch
  • Square Footage: 11,430

Dallas Industrial TT LLC served as the landlord for the property, while AlarMax Distributors Inc acted as the tenant. The landlord was represented by Andrew Gilbert and Keaton Brice from Holt Lunsford Commercial Inc. The tenant was represented by Kyle Espie and Brian Pafford from Bradford Commercial Real Estate Services.

Players

Brian Pafford

Bradford Commercial Real Estate Services

Broker

26 deals

Broker

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