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
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