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1215 Marsh Lane

Advanced Circuit Services Leases 98,143 SF Industrial Space From GKI Industrial LLC In Addison
LEASEDIndustrial

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

Brian Pafford

Bradford Commercial Real Estate Services

Broker

26 deals

Broker
Rich Young Company
Rich Young CompanyBrokerage

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