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1200 Lakeside Pkwy, Flower ...

Lux Ice Leases 45,000 SF Industrial Space In Flower Mound, Texas
LEASEDIndustrial

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

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

Andrew Gilbert

Holt Lunsford Commercial

Broker

14 deals

Broker
Prologis
PrologisBrokerage
Prologis
PrologisLandlord

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