Trina Solar Leases 1.35 Million SF Industrial Space In Wilmer's Tradepoint 45 West
Building Size
1,350,000 SF
Asset Type
Industrial
Closing
Jan 31, 2024
AI
Trina Solar, a Chinese manufacturer, has leased a 1.35 million-square-foot industrial space in Dallas County's Tradepoint 45 West. The property, located at 1200 North Sunrise Road in Wilmer, is an industrial asset. The lease transaction was facilitated by Stream Realty Partners.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not available
- Square Footage: 1,350,000
- Address: 1200 North Sunrise Road
- Market: Wilmer
Landlord Steve Modory and Jeff Swope, representing Champion Partners, own the property. The tenant, Steven Zhu, represents Trina Solar. This lease marks Trina Solar's first U.S. manufacturing plant, a significant investment of $200 million. The expansion is expected to create 1,500 jobs in the area. Stream Realty Partners played a crucial role in facilitating the deal for both the landlord and the tenant.
Players
Market 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