Bradford Commercial Renews 129,611 SF Industrial Lease At Valwood Industrial Park In Carrollton
2040 Mckenzie Drive
Building Size
129,611 SF
Asset Type
Industrial
Closing
Nov 9, 2023
AI
The Valwood Industrial Park in Carrollton, Dallas has seen a successful lease renewal transaction involving an industrial property spanning 129,611 square feet. The property is located at 2040 Mckenzie Drive and is owned by Blackstone Real Estate Income Trust. Network Wireless Solutions, represented by Xavier Williams, has decided to continue as the tenant.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2040 Mckenzie Drive
- Market: Carrollton
- Landlord: Blackstone Real Estate Income Trust - Frank Cohen
- Tenant: Network Wireless Solutions - Xavier Williams
Representing the landlord, a Blackstone Real Estate Income Trust affiliate, were Mac Hall and Sarah Ozanne from Stream Realty Partners. On the tenant's side, Joe Santaularia from Bradford Commercial Real Estate Services acted as the representative for Network Wireless Solutions. This lease renewal, secured by Bradford Commercial Real Estate Services, ensures the continued operations of Network Wireless Solutions at Valwood Industrial Park.
Please note that no additional details regarding the transaction were provided.
Players
Carrollton 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