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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Square Footage: 45,406
- Address: 1405 East Lookout Drive
- Market: Richardson
- Landlord: Crow Holdings
- Tenant: Pepperidge Farm
- Landlord's Representative: Blake Troiani, Josh Barnes & Weston Porter - Holt Lunsford Commercial
- Tenant's Representative: Michael Paine - Cushman & Wakefield
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
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