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15300 Northlink Drive Build...

Updated Oct 29, 2024

LL Flooring Signs 457,600 SF Lease At 15300 Northlink Drive Building C In Justin
LEASEDIndustrial

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

TA Realty
TA RealtyLandlord

Texas 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

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