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1690 East Pleasant Run Road

Owens Corning Signs 292680 Square Foot Industrial Lease At Core45 In Wilmer Texas
LEASEDIndustrial

Owens Corning Signs 292680 Square Foot Industrial Lease At Core45 In Wilmer Texas

1690 East Pleasant Run Road

Building Size

292,680 SF

Asset Type

Industrial

Closing

Sep 27, 2024

AI

The property involved in this transaction is an industrial asset located at 1690-1700 East Pleasant Run Road in Wilmer, Texas. The total square footage of the property is 292,680, and it is part of the Core45 development, which encompasses two buildings totaling 1.6 million square feet.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 1690-1700 East Pleasant Run Road
  • Market: Wilmer
  • Landlord: Grandview Partners
  • Tenant: Owens Corning
  • Landlord's Representative: Luke Davis, Matt Dornak & Ridley Culp - Stream Realty Partners
  • Tenant's Representative: CBRE

The lease was signed by Owens Corning for the aforementioned industrial space, with Grandview Partners acting as the landlord. Ridley Culp, Luke Davis, and Matt Dornak represented the landlord through Stream Realty Partners, while CBRE was responsible for representing the tenant, Owens Corning.

Players

Matt Dornak

Stream Realty Partners⁠

Broker

15 deals

Broker

Wilmer 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