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
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