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
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