Embroidery Graphix Leases 12649 Square Feet At 1489 Prudential Dr In Dallas
1489 Prudential Dr, Dallas, TX, 75235
Building Size
12,649 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property asset involved in this transaction is an industrial lease located at 1489 Prudential Drive, Dallas, TX, 75235. This space encompasses a total area of 12,649 square feet and is situated in the Dallas market.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not disclosed
- Address: 1489 Prudential Dr, Dallas, TX, 75235
- Lease Size: 12,649 square feet
- Landlord: Undisclosed
- Landlord's Representative: Jason Moser - Stream Realty Partners
- Tenant: Embroidery Graphix
- Tenant's Representatives: Sean Smith, Brendan Zrowka, and Lauren Pesqueda - Whitebox Real Estate
This lease marks a significant arrangement for Embroidery Graphix, a company engaged in the manufacture of personalized apparel, highlighting the strategic decision to occupy this substantial industrial space in northwest Dallas. The negotiation process was facilitated by the involvement of the respective representatives from their partnering agencies.
Players
Dallas Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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