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1900 Southport Parkway

CJ Logistics America Leases 1.1 Million Square Foot Warehouse In Wilmer Texas From Logistics Property Co
LEASEDIndustrial

CJ Logistics America Leases 1.1 Million Square Foot Warehouse In Wilmer Texas From Logistics Property Co

1900 Southport Parkway

Building Size

1,100,000 SF

Asset Type

Industrial

Closing

Dec 12, 2024

AI

1900 Southport Parkway is an industrial property located in Wilmer, TX, encompassing a total size of 1,100,000 square feet. The property is part of a 252-acre development owned by Logistics Property Co.

Summary of transaction details:

The lease transaction has facilitated CJ Logistics America in occupying a significant warehouse space within the Southport Logistics Park. The teams from JLL and CBRE were instrumental in representing the tenant and landlord during this lease arrangement, marking a key development for both parties in the logistics real estate sector.

Players

Kacy Jones

CBRE

Broker

8 deals

Broker

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