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1405 East Lookout Drive

Crow Holdings Leases 45406 Square Feet Industrial Space To Pepperidge Farm In Richardson
LEASEDIndustrial

Crow Holdings Leases 45406 Square Feet Industrial Space To Pepperidge Farm In Richardson

1405 East Lookout Drive

Building Size

45,406 SF

Asset Type

Industrial

Closing

Nov 22, 2024

AI

1405 East Lookout Drive in Richardson is an industrial asset encompassing 45,406 square feet. The property is situated in a northeastern Dallas suburb, contributing to its strategic location within the market.

Summary of transaction details:

Representing the landlord in this transaction were Blake Troiani, Josh Barnes, and Weston Porter from Holt Lunsford Commercial, while the tenant was represented by Michael Paine of Cushman & Wakefield, highlighting the collaborative effort in securing the lease for Pepperidge Farm.

Players

Josh Barnes

Holt Lunsford Commercial

Broker

11 deals

Broker

Richardson 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