Updated Oct 28, 2024
Cushman & Wakefield Secures Lease For Pratt Industries Inc. At 1649 S Hwy 67 In Cedar Hill
1649 South Highway 67, Cedar Hill, Texas 75104, United States
Building Size
1,100,000 SF
Asset Type
Industrial
Closing
Apr 13, 2022
About this deal
AI
Pratt Industries Inc. has recently signed a lease agreement for an industrial property in Cedar Hill. The property, located at 1649 S Hwy 67, spans a total area of 1,100,000 square feet. The lease transaction was facilitated by Cushman & Wakefield, representing the tenant in the deal.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 04/14/2022
- Address: 1649 S Hwy 67
- Market: Cedar Hill
- Landlord: Hillwood - Todd Platt
- Tenant: Pratt Industries Inc.
- Broker: Cushman & Wakefield
The industrial property, leased by Pratt Industries Inc., offers ample space for their operations in the Cedar Hill market. Todd Platt, representing Hillwood, served as the landlord in the transaction. This lease agreement marks a significant milestone for both Pratt Industries Inc. and Hillwood, demonstrating their commitment to expanding business opportunities in Cedar Hill.
On the Map
Industrial
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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