United Laboratories Manufacturing LLC Leases Industrial Property In Carrollton From ML Realty
1270 Champion Cir, Carrollton, TX, 75...
Building Size
131,840 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property involved in this transaction is an industrial asset located at 1270 Champion Circle, Carrollton, TX. The leased space spans 131,840 square feet and is situated in the Carrollton market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 1270 Champion Cir, Carrollton, TX
- Tenant: United Laboratories Manufacturing LLC
- Landlord: ML Realty
- Tenant's Representative: Max Knake-Knake Dodge & Co
- Landlord's Representative: Not disclosed
- Market: Carrollton
The lease agreement was negotiated by Max Knake, representing the tenant, United Laboratories Manufacturing LLC. The representative of the landlord was not disclosed. Steve Trese of CBRE also contributed to the lease negotiations.
Players
Carrollton 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