LEASEDIndustrial
McWane Inc. Leases Industrial Space In Grand Prairie's Avenue S For 66,961 SF
1201 Avenue South, Grand Prairie, TX, USA
Building Size
66,961 SF
Asset Type
Industrial
Closing
May 12, 2021
AI
The industrial property located at 1201 Avenue S in Grand Prairie has been leased. The property spans 66,961 square feet and sits on 5.4 acres.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: May 13, 2021
- Tenant: McWane Inc.
- Tenant's Representative: Art Leichner & Andrew Crites - Newmark
- Landlord's Representative: CBRE
The lease transaction was facilitated by Art Leichner and Andrew Crites from Newmark, representing McWane Inc. Meanwhile, CBRE served as the landlord's representative.
Players
Grand Prairie 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