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
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