Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Industrial
- Tenant: Sewell BMW of Grapevine
- Landlord: Clarion Partners
- Tenant's Representative: Ben Sumner - Centurion Real Estate Partners
- Landlord's Representatives: Blake Kendrick, Jeremy Kelly, & Sarah Ozanne - Stream Realty Partners
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.
On the Map
Industrial
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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