Renaissance Network Reinvent Leases Industrial Space In Flower Mound With Whitebox Real Estate
1200 Lakeside Parkway, Flower Mound, Texas 75028, United States
Building Size
42,596 SF
Asset Type
Industrial
Closing
May 10, 2022
AI
The industrial property located at 1200 Lakeside Parkway in Flower Mound has been leased. The property spans approximately 42,596 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 05/11/2022
- Address: 1200 Lakeside Parkway, Flower Mound
- Market: Flower Mound
- Landlord: Prologis
- Tenant: Renaissance Network Reinvent
The landlord, Prologis, facilitated the lease agreement with Renaissance Network Reinvent as the tenant. The tenant's representatives from Whitebox Real Estate, Evan Hammer, Ben Crancer, Lauren Pesqueda, and Brendan Zrowka, were involved in the deal on behalf of the tenant.
Players
Flower Mound Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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