LEASEDIndustrial
Hayes Company Leases 712,900 SF Industrial Property In Forney With Greg Nelson From Paladin Partners
1285 Akron Way, Forney, TX 75126
Building Size
712,900 SF
Asset Type
Industrial
Closing
Jul 17, 2022
AI
The leased industrial property located at 1285 Akron Way in Forney has been transacted. The property has a total square footage of 712,900. The lease agreement was finalized on 07/18/2022.
Summary of transaction details
- Property Type: Industrial
- Market: Forney
- Address: 1285 Akron Way
- Square Footage: 712,900
- Tenant: Hayes Company
The leasing of this property was facilitated by Greg Nelson from Paladin Partners.
Forney 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