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1200 West Crosby Road, Carr...

Western Industries Corp Leases Industrial Space At 1200 W. Crosby Road, Carrollton
LEASEDIndustrial

Western Industries Corp Leases Industrial Space At 1200 W. Crosby Road, Carrollton

1200 West Crosby Road, Carrollton, TX 75006, USA

Building Size

97,446 SF

Asset Type

Industrial

Closing

Oct 18, 2021

AI

The industrial property located at 1200 W. Crosby Road in Carrollton has recently been leased. The property spans approximately 97,446 square feet, making it a significant asset in the area.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Date: 10/18/2021
  • Address: 1200 W. Crosby Road, Carrollton
  • Square Footage: 97,446

The landlord, Holt Lunsford Commercial Investments, successfully leased the property to Western Industries Corp. Holt Lunsford Commercial, represented by Andrew Gilbert and Keaton Brice, acted as the landlord's representatives in the deal. On the other hand, Mark Miller from NAI Robert Lynn served as the tenant's representative. The collaborative effort of these individuals facilitated the leasing transaction.

Players

Mark Miller

Broker

3 deals

Broker

Carrollton 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