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11625 Columbia Center Dr, D...

Prologis Leases 28,892 SF Industrial Space In Northwest Dallas With Brokers Cole Collins & Gary Lindsey
LEASEDIndustrial

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

Cole Collins

Newmark

Broker

1 deal

Broker
Hamid Moghadam

Hamid Moghadam

Prologis

Landlord

$2.6B

vol

53 deals

Landlord

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