Updated Dec 4, 2024
Commercial Van Interiors Leases Industrial Space At 138 Leopard Road In Rhome
Building Size
25,000 SF
Asset Type
Industrial
Closing
May 3, 2024
About this deal
AI
The industrial property located at 138 Leopard Road in Rhome, spanning 25,000 square feet, was leased as part of a transaction in the market. The asset includes extensive outdoor storage space on five acres.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Tenant: Steve Kloessner - Commercial Van Interiors
- Landlord's Rep: Mark Boone - LanCarte Commercial Real Estate
- Tenant's Rep: Todd Lambeth - Bradford Commercial Real Estate Services
Bradford Commercial Real Estate Services, based in Dallas, played a crucial role in facilitating the 25,000-square-foot industrial lease in Rhome. Todd Lambeth of Bradford represented the tenant, Commercial Van Interiors, from St. Louis, in the lease negotiations. Mark Boone of LanCarte Commercial acted on behalf of the undisclosed landlord during the transaction.
Players
Market 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