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12880 Valley Branch Lane

Honeywell International Signs Industrial Lease In Farmers Branch, Dallas With 17,755 SF
LEASEDIndustrial

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

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.

Players

Adam Graham

Lee & Associates

Broker

24 deals

Broker
Gregory Bates

Gregory Bates

GID

Landlord

$534.4M

vol

8 deals

Landlord

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