Lux Ice Leases 45,000 SF Industrial Space In Flower Mound, Texas
1200 Lakeside Pkwy, Flower Mound, TX 75028, USA
Building Size
45,000 SF
Asset Type
Industrial
Closing
May 5, 2023
AI
Lux Ice has leased a 45,000-square-foot commercial space located at 1200 Lakeside Parkway in Flower Mound, Texas. The transaction was negotiated by Tyler Howarth and Abby Aulds of Holt Lunsford Commercial, representing Lux Ice, and Andrew Gilbert and Keaton Brice of Holt Lunsford Commercial, representing the building owner, Prologis.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not available
- Address: 1200 Lakeside Parkway
- Market: Flower Mound
- Tenant: Lux Ice
- Landlord: Prologis
- Tyler Howarth, Abby Aulds, Andrew Gilbert & Keaton Brice - Holt Lunsford Commercial
The lease of the 45,000-square-foot commercial space at 1200 Lakeside Parkway in Flower Mound, Texas, was facilitated by Tyler Howarth and Abby Aulds of Holt Lunsford Commercial, who represented Lux Ice. Andrew Gilbert and Keaton Brice, also of Holt Lunsford Commercial, represented the building owner, Prologis.
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