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Colt Facility Maintenance LLC Leases 18,445-Square-Foot Space At Dallas' Westwood Business Park
LEASED
Texas
See Similar DealsIndustrial18,445 SF
Leased 07/24/2023
LEASED
Colt Facility Maintenance LLC Leases 18,445-Square-Foot Space At Dallas' Westwood Business Park
1801 Royal Ln Dallas, TX 75229, USA
See Similar DealsIndustrial18,445 SF
Leased 07/24/2023
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:18,445 SF
Transaction Type:Lease
Colt Facility Maintenance LLC has recently leased an 18,445-square-foot space at Dallas' Westwood Business Park, located at 1801 Royal Lane in Farmers Branch. This lease transaction has brought the park's occupancy rate to an impressive 95%. The park, owned by Pegasus Real Estate, now boasts a fully occupied status with ten out of twelve buildings leased.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not available
- Address: 1801 Royal Lane
- Market: Farmers Branch
- Tenant: Colt Facility Maintenance LLC
- Landlord: Pegasus Real Estate
- Broker: Jason Finch - Bradford Commercial Real Estate Services
This transaction signifies Colt Facility Maintenance LLC's long-term commitment to expand their operations within the Westwood Business Park. The deal was facilitated by Jason Finch from Bradford Commercial Real Estate Services, who represented Colt Facility Maintenance LLC in the lease agreement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,057,256.27
Total Lease Value
$10,572,562.70
Net Landlord Cash Flow$1,057,256.27
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