Advanced Circuit Services Leases 98,143 SF Industrial Space From GKI Industrial LLC In Addison
Building Size
98,143 SF
Asset Type
Industrial
Closing
Sep 16, 2025
AI
The asset involved in this transaction is an industrial property located at 1215 Marsh Lane in the Addison market, encompassing a total square footage of 98,143. The building is part of Marsh Business Park West, where Advanced Circuit Services has signed a lease for the space, significantly expanding its operational area.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: GKI Industrial LLC
- Tenant: Advanced Circuit Services
- Landlord's Representative: Brian Pafford - Bradford Commercial Real Estate Services
- Tenant's Representative: Rich Young - Rich Young Company
- Date of Lease: 09/16/2025
Brian Pafford from Bradford Commercial Real Estate Services represented the landlord GKI Industrial LLC, while Rich Young from Rich Young Company acted on behalf of the tenant Advanced Circuit Services in this transaction. The lease agreement marks a substantial increase in the tenant's space by nearly 50%.
Players
Market 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