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1475 Republic Pkwy, Mesquit...

Elements Sleep Leases Industrial Space In Mesquite To Urban Logistics Realty
LEASEDIndustrial

Elements Sleep Leases Industrial Space In Mesquite To Urban Logistics Realty

1475 Republic Pkwy, Mesquite, TX, USA

Building Size

177,473 SF

Asset Type

Industrial

Closing

Aug 11, 2021

AI

The industrial property located at 1475 Republic Pkwy in Mesquite has been leased in a recent transaction. The property spans approximately 177,473 square feet, offering ample space for industrial operations.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Date: 08/12/2021
  • Address: 1475 Republic Pkwy
  • Market: Mesquite
  • Tenant: Elements Sleep
  • Landlord: Urban Logistics Realty
  • Tenant's Representative: CBRE
  • Landlord's Representatives: Matt Dornak & Blake Kendrick - Stream Realty Partners

The deal was facilitated by CBRE as the tenant's representative, ensuring that Elements Sleep's interests were represented during the leasing process. On the other side, Matt Dornak and Blake Kendrick from Stream Realty Partners acted as the landlord's representatives, working on behalf of Urban Logistics Realty. The transaction reflects a successful lease agreement for the industrial property.

Players

Matt Dornak

Stream Realty Partners⁠

Broker

15 deals

Broker
UR
Urban Logistics RealtyLandlord

Mesquite 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