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
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