Updated Oct 28, 2024
Tactical Fleet Leases 229,800 SF Industrial Space In Addison With Jason Putnam & Chris Barta
14325 Gillis Road, Farmers Branch, Texas 75244, United States
Building Size
229,800 SF
Asset Type
Industrial
Closing
Jul 5, 2022
About this deal
AI
14325 Gillis Road in Suite 100, located in Addison, was recently leased in a transaction. The industrial property spans an area of 229,800 square feet, making it a substantial asset in the area.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Date: July 6, 2022
- Market: Addison
- Landlord: Mapletree US Management
- Tenant: Tactical Fleet - Jason Putnam & Chris Barta
Tactical Fleet, represented by Jason Putnam and Chris Barta, secured the lease for 14325 Gillis Road in Suite 100. This transaction marks the collaboration between the tenant and the landlord, Mapletree US Management, in the industrial real estate market of Addison.
Players
Dallas Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Deal FAQ
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