Firefly Earthworks Leases 9,225 SF Industrial Space In Central East Dallas
1525 Sullivan Drive, Dallas, Texas 75215, United States
Building Size
9,225 SF
Asset Type
Industrial
Closing
Jun 1, 2022
AI
Firefly Earthworks has leased an industrial property in Central East Dallas. The property, located at 1525 Sullivan Dr, spans approximately 9,225 square feet. The lease transaction was completed on June 2, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: N/A
- Address: 1525 Sullivan Dr
- Market: Central East Dallas
- Square Footage: 9,225
The landlord for the leased property is Park Place Development Company. The lease was facilitated by Keaton Duhon & Kam Duhon of Davidson Bogel.
Note from brokers: The DB2RE Industrial team combines real estate expertise, market research, and in-depth knowledge of the industrial market to develop comprehensive solutions for businesses.
Players
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