CBRE Renews 152,274 SF Industrial Lease Near DFW Airport In Coppell
200 Northpoint Dr, Coppell, TX, 75019
Building Size
152,274 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
The industrial property at 200 Northpoint Drive in Coppell, TX, 75019, is involved in a lease renewal transaction totaling 152,274 square feet. Located near DFW International Airport, this property was built in 2006 and has a total area of 549,848 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Applicable
- Address: 200 Northpoint Dr, Coppell, TX, 75019
- Market: Coppell
- Tenant's Rep: Timothy (Tim) Vogds (CBRE)
- Landlord: Not Disclosed
- Square Feet: 152,274
Brian Gilchrist and Tim Vogds from CBRE represented the tenant, HVAC manufacturing firm Hart & Cooley, in the lease negotiations. The landlord's name and representative were not revealed in the transaction.
Players
Coppell 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