Updated Dec 4, 2024
Honeywell International Signs Industrial Lease In Farmers Branch, Dallas With 17,755 SF
12880 Valley Branch Lane
Building Size
17,755 SF
Asset Type
Industrial
Closing
Oct 12, 2023
About this deal
AI
Honeywell International has signed a 17,755-square-foot industrial lease in Farmers Branch, northern Dallas. The leased property is an industrial building with 24-foot clear heights.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 17,755 SF
- Address: 12880 Valley Branch Lane
- Market: Farmers Branch
The landlord for this lease is GID Industrial, represented by Gregory S. Bates. The tenant is Honeywell International, represented by Vimal Kapur. Lee & Associates acted as the landlord's representative, with Nathan Denton and Adam Graham facilitating the negotiations. Realty Insight Group represented Honeywell during the transaction, with Neil Schorr as their representative.
On the Map
Industrial
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Players
Dallas 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