1000Bulbs.com Signs Lease For 203,040 SF Industrial Space In Mesquite
1201 Republic Pkwy, Mesquite, TX 75150, USA
Building Size
203,040 SF
Asset Type
Industrial
Closing
Sep 16, 2020
AI
An industrial property located at 1201 Republic Pkwy in Mesquite has been leased. The lease transaction closed on September 17, 2020. The property, with a total area of 203,040 square feet, belongs to Urban Logistics Realty.
Summary of transation details
- Property Type: Industrial
- Tenant: 1000Bulbs.com
- Landlord: Urban Logistics Realty
- Brokers: Matt Dornak, Drew Feagin, Blake Kendrick, & Seth Koschakof – Stream Realty Partners
- SF: 203,040
Matt Dornak, Drew Feagin, Blake Kendrick, and Seth Koschakof from Stream Realty Partners represented both the tenant, 1000Bulbs.com, and the landlord, Urban Logistics Realty, in this lease transaction.
Players
Mesquite 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