Updated Oct 29, 2024
Colt Facility Maintenance LLC Leases 18,445-Square-Foot Space At Dallas' Westwood Business Park
1801 Royal Ln Dallas, TX 75229, USA
Building Size
18,445 SF
Asset Type
Industrial
Closing
Jul 24, 2023
About this deal
AI
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.
On the Map
Industrial
View full map
Players
Texas Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
Deal FAQ
Browse Texas industrial leases on Traded.
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