Updated Oct 28, 2024
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
About this deal
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.
Traded’s record for 1201 Avenue South, Grand Prairie, TX, USA in Grand Prairie, Texas covers a industrial lease from 2021. Published size for 1201 Avenue South, Grand Prairie, TX, USA is 66,961 square feet. Art Leichner, Andrew Crites, Newmark appear on the lease alongside Newmark. This page is the Grand Prairie, Texas file for the 1201 Avenue South, Grand Prairie, TX, USA industrial leased: pricing, party profiles, and other closed industrial comps from the same Grand Prairie sit in the Market section below. Filter that Grand Prairie industrial set by closing date to see what else leased near 1201 Avenue South, Grand Prairie, TX, USA around 2021. Cite this McWane Inc. Leases Industrial Space In Grand Prairie's Avenue S For 66,961 SF lease when underwriting similar industrial product around Grand Prairie, Texas.
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