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1489 Prudential Dr, Dallas,...

Embroidery Graphix Leases 12649 Square Feet At 1489 Prudential Dr In Dallas
LEASEDIndustrial

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

Jason Moser

Stream Realty Partners⁠

Broker

6 deals

Broker
EG
Embroidery GraphixTenant

Dallas 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