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1489 Prudential Drive, Dall...

Embroidery Graphix Leases Industrial Space At 1489 Prudential Drive In Dallas
LEASEDIndustrial

Embroidery Graphix Leases Industrial Space At 1489 Prudential Drive In Dallas

1489 Prudential Drive, Dallas, Texas 75235, United States

Building Size

12,649 SF

Asset Type

Industrial

Closing

May 31, 2022

AI

The industrial property located at 1489 Prudential Drive in Dallas has been leased. The total square footage of the property is 12,649. Embroidery Graphix is the tenant for this lease transaction.

Summary of transaction details

The deal was facilitated by Sean Smith, Brendan Zrowka, and Lauren Pesqueda from Whitebox Real Estate, who acted as the tenant's representatives in this lease agreement. On the other side, Jason Moser of Stream Realty Partners served as the landlord's representative.

Players

Sean Smith

Whitebox Real Estate

Broker

$23M

vol

3 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