Updated Oct 29, 2024
Gulf Relay Leases 350,000 SF Industrial Space In DeSoto With Cushman & Wakefield
1221 E Centre Park Blvd, DeSoto, TX, USA
Building Size
350,000 SF
Asset Type
Industrial
Closing
Apr 7, 2021
About this deal
AI
The industrial property located at 1221 East Centre Park Blvd in DeSoto has been leased. The transaction took place on 04/08/2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Market: DeSoto
Gulf Relay is the tenant that has leased the property. The lease was facilitated by Scott Auslund & Blanks Baldwin. Cushman & Wakefield acted as the broker in the deal.
The leased space spans an area of 350,000 square feet.
Traded’s record for 1221 E Centre Park Blvd, DeSoto, TX, USA in Desoto, Texas covers a industrial lease from 2021. Published size for 1221 E Centre Park Blvd, DeSoto, TX, USA is 350,000 square feet. Named participants on the 1221 E Centre Park Blvd, DeSoto, TX, USA lease are Blanks Baldwin. This page is the Desoto, Texas file for the 1221 E Centre Park Blvd, DeSoto, TX, USA industrial leased: pricing, party profiles, and other closed industrial comps from the same Desoto sit in the Market section below. Filter that Desoto industrial set by closing date to see what else leased near 1221 E Centre Park Blvd, DeSoto, TX, USA around 2021. Cite this Gulf Relay Leases 350,000 SF Industrial Space In DeSoto With Cushman & Wakefield lease when underwriting similar industrial product around Desoto, Texas.
On the Map
Industrial
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Desoto Industrial Market Snapshot
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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