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13703 Gamma Rd Farmers Bran...

Executive Refreshments Leases 19,000 SF Industrial Space In Farmers Branch Dallas
LEASEDIndustrial

Executive Refreshments Leases 19,000 SF Industrial Space In Farmers Branch Dallas

13703 Gamma Rd Farmers Branch, TX 75244, USA

Building Size

19,000 SF

Asset Type

Industrial

Closing

May 31, 2023

AI

Executive Refreshments, a pantry and vending machine services provider, has leased a 19,000-square-foot industrial space located at 13703-13707 Gamma Road in Farmers Branch, Dallas. The property is situated in a prime industrial market and offers ample space for Executive Refreshments to carry out their operations.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 13703-13707 Gamma Road, Farmers Branch, Dallas
  • Market: Farmers Branch
  • Square Footage: 19,000 SF

Chad Albert and D.J. Draper from Stoic Real Estate Partners served as the landlord's representatives in the lease transaction. Stoic Real Estate Partners, an undisclosed entity, represented the landlord in the deal, ensuring the smooth execution of the lease agreement. On the other hand, Jeff McVaney from Partners Real Estate acted as the tenant's representative, assisting Executive Refreshments throughout the leasing process.

Players

Chad Albert

Stoic Real Estate Partners

Broker

3 deals

Broker

Farmers Branch 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