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1717 West Airfield Drive, G...

Sewell BMW Of Grapevine Leases 252,400 SF Industrial Space At 1717 W. Airfield Drive In DFW Airport
LEASEDIndustrial

Sewell BMW Of Grapevine Leases 252,400 SF Industrial Space At 1717 W. Airfield Drive In DFW Airport

1717 West Airfield Drive, Grapevine, TX, USA

Building Size

252,400 SF

Asset Type

Industrial

Closing

Nov 30, 2020

AI

An industrial property located at 1717 W. Airfield Drive in DFW Airport has been leased. The property spans across an area of 252,400 square feet. The lease was finalized on December 1, 2020.

Summary of Transaction Details:

The deal involved Sewell BMW of Grapevine as the tenant and Clarion Partners as the landlord. Representing the tenant was Ben Sumner from Centurion Real Estate Partners, while the landlord was represented by Blake Kendrick, Jeremy Kelly, and Sarah Ozanne from Stream Realty Partners.

Players

Jeremy Kelly

Stream Realty Partners⁠

Broker

13 deals

Broker
Clarion Partners
Clarion PartnersLender
Clarion Partners
Clarion PartnersLandlord

Dallas 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