Updated Dec 4, 2024
MIINC Mechanical Contractors Renews 36.8K SF Industrial Lease In Northwest Dallas
1960 West Northwest Highway
Building Size
36,800 SF
Asset Type
Industrial
Closing
Nov 16, 2023
About this deal
AI
MIINC Mechanical Contractors has renewed their lease for a 36,800-square-foot industrial space located at 1960 West Northwest Highway in northwest Dallas. The property is part of an undisclosed family partnership that is based in Dallas.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Not available
- Address: 1960 West Northwest Highway
- Market: Dallas
- Square Footage: 36,800
The lease negotiation was facilitated by Scott Voelkel and Cullen Dickey of Dickey Property Co. They represented the unnamed family partnership as the landlord's representatives. MIINC Mechanical Contractors, on the other hand, handled their own representation in the deal.
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Industrial
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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