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1960 West Northwest Highway

MIINC Mechanical Contractors Renews 36.8K SF Industrial Lease In Northwest Dallas
LEASEDIndustrial

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

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.

Players

Scott Voelkel

Highland Properties

Broker

2 deals

Broker

Dallas 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