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1201 Republic Pkwy, Mesquit...

1000Bulbs.com Signs Lease For 203,040 SF Industrial Space In Mesquite
LEASEDIndustrial

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

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

Drew Feagin

Broker

3 deals

Broker
UR
Urban Logistics RealtyLandlord

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