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1515 Monetary Lane

Binford Supply Co. Signs 21,000 SF Industrial Lease In Carrollton, Dallas
LEASEDIndustrial

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

Adam Graham

Lee & Associates

Broker

24 deals

Broker
Gregory Bates

Gregory Bates

GID

Landlord

$534.4M

vol

8 deals

Landlord

Carrollton 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