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1525 Sullivan Drive, Dallas...

Firefly Earthworks Leases 9,225 SF Industrial Space In Central East Dallas
LEASEDIndustrial

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

Keaton Duhon

Davidson Bogel Real Estate

Broker

10 deals

Broker

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