Prologis Leases 28,892 SF Industrial Space In Northwest Dallas With Brokers Cole Collins & Gary Lindsey
11625 Columbia Center Dr, Dallas, TX 75229, USA
Building Size
28,892 SF
Asset Type
Industrial
Closing
Jun 7, 1920
AI
The industrial property located at 11625 Columbia Center Drive in Dallas has recently been leased. The property, measuring 28,892 square feet, is situated in the Northwest Dallas market. The landlord of the property is Prologis, represented by Hamid R. Moghadam. The lease transaction was facilitated by Newmark Knight Frank, with Cole Collins and Gary Lindsey serving as the brokers.
Summary of transaction details:
- Property Type: Industrial
- Transaction Date: 06/08/20
- Address: 11625 Columbia Center Drive
- City: Dallas
- Market: Northwest Dallas
- Landlord: Prologis – Hamid R. Moghadam
- Square Footage: 28,892
- Broker: Newmark Knight Frank – Cole Collins & Gary Lindsey
The lease transaction showcases the involvement of key individuals and companies in the deal. Prologis, led by Hamid R. Moghadam, served as the landlord of the property. Newmark Knight Frank, represented by Cole Collins and Gary Lindsey, acted as the brokerage firm facilitating the lease agreement.
Players
Dallas 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