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12135 Esther Lama Drive

Newmark Renews SupplyOne Tucson Lease At Vista Del Sol Industrial Park
LEASEDIndustrial

Newmark Renews SupplyOne Tucson Lease At Vista Del Sol Industrial Park

12135 Esther Lama Drive

Building Size

24,787 SF

Asset Type

Industrial

Closing

Apr 10, 2024

AI

The industrial property involved in the transaction is located at 12135 Esther Lama Drive in El Paso. The asset spans 24,787 square feet and is part of the Vista Del Sol Industrial Park, with a total area of 189,025 square feet. The lease renewal was facilitated by Newmark for SupplyOne Tucson, a packaging company, in a deal secured for the property built in 1994.

Summary of transation details:

The lease renewal for SupplyOne Tucson was represented by a team from Newmark, while PIRES International acted on behalf of the undisclosed landlord, finalizing the deal for the industrial property located in El Paso. The collaboration between the tenant's representatives and the landlord's representatives culminated in the successful transaction, ensuring the continuation of business operations for SupplyOne Tucson in the Vista Del Sol Industrial Park.

Players

Blake Anderson

Newmark

Broker

4 deals

Broker

El Paso 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