Updated Oct 29, 2024
LL Flooring Signs 457,600 SF Lease At 15300 Northlink Drive Building C In Justin
15300 Northlink Drive Building C
Building Size
457,600 SF
Asset Type
Industrial
Closing
Aug 1, 2023
About this deal
AI
The industrial property located at 15300 Northlink Drive Building C in Justin has been leased. The property spans a total square footage of 457,600, offering a substantial amount of space for industrial purposes. This lease transaction took place on August 1, 2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: August 1, 2023
- Address: 15300 Northlink Drive Building C
- Market: Justin
- Square Footage: 457,600
LL Flooring, the tenant, has secured this lease through the representation of their brokers. The tenant was represented by David Guinn, Jonathan Cooper, and Keaton Duhon from Davidson Bogel Real Estate, and Summitt Hogue from Growe 3PL Real Estate Company. It is noteworthy that LL Flooring partnered with Growe 3PL Real Estate in their search for a suitable distribution center in North Texas.
This specific property in Alliance Tx holds strategic significance. Not only is it conveniently situated less than half a mile from the BNSF intermodal, but it also resides in one of the largest labor hubs in the entire DFW Meteoplex. This location offers logistical advantages for LL Flooring to efficiently distribute their products.
Players
Texas Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Deal FAQ
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