Binford Supply Co. Signs 21,000 SF Industrial Lease In Carrollton, Dallas
1515 Monetary Lane
Building Size
21,000 SF
Asset Type
Industrial
Closing
Oct 9, 2023
AI
A 21,000-square-foot industrial property located at 1515 Monetary Lane in Carrollton, northern Dallas has recently been leased. The property, owned by GID Industrial and represented by Gregory S. Bates, features an industrial asset type.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Address: 1515 Monetary Lane
- Market: Carrollton
- Square Footage: 21,000 SF
Binford Supply Co. has become the tenant for this industrial property. They were represented by Rich Young Jr. from Rich Young Co. The lease negotiation was facilitated by Adam Graham and Nathan Denton of Lee & Associates, acting as the landlord's representatives for GID Industrial.
It is worth noting that Lee & Associates played a key role in the lease transaction, bringing together Binford Supply Co. as the tenant and GID Industrial as the landlord. The deal signifies the successful partnership and effort exerted by the respective parties.
Players
Carrollton 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