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1649 South Highway 67

Lee & Associates Negotiates Industrial Lease In Cedar Hill With Lakawana Realty Development
LEASEDIndustrial

Lee & Associates Negotiates Industrial Lease In Cedar Hill With Lakawana Realty Development

1649 South Highway 67

Building Size

Asset Type

Industrial

Closing

Oct 24, 2023

AI

The High Point 67 Logistics Center in Cedar Hill, Dallas, has secured a 56,965-square-foot industrial lease with Lakawana Realty Development as the tenant. The facility is located at 1649 South Highway 67 in the Cedar Hill market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 1649 South Highway 67, Cedar Hill
  • Market: Cedar Hill

Stephen Williamson, representing Lee & Associates, acted as the tenant's representative in the lease agreement at the High Point 67 Logistics Center. On the other side, Brian Gilchrist, Kacy Jones, and Steve Koldyke from CBRE represented Hillwood, the developer of the logistics center.

Players

Brian Gilchrist

CBRE

Broker

7 deals

Broker

Ross Perot Jr.

Hillwood

Landlord

$200M

vol

5 deals

Landlord

Cedar Hill 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