Updated Jan 2, 2025
Lee & Associates Represents First Industrial Texas In Lease Of 123,269 SF Industrial Space In The Colony, Texas
2001 Midway Road, The Colony, TX, USA
Building Size
123,269 SF
Asset Type
Industrial
Closing
Oct 22, 2021
About this deal
AI
The leased property is located at 2001 Midway Road in The Colony. It is an industrial asset with a size of 123,269 square feet. The lease transaction took place on October 22, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Date: 10/22/2021
- Address: 2001 Midway Road, The Colony
- Market: The Colony
- Size: 123,269 square feet
The landlord for this lease is First Industrial Texas. The brokers involved in the transaction were Johnny Anderson, Adam Graham, and Mark Graybill from Lee & Associates.
On the Map
Industrial
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Players
Lewisville 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