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2040 Mckenzie Drive

Bradford Commercial Renews 129,611 SF Industrial Lease At Valwood Industrial Park In Carrollton
LEASEDIndustrial

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

Joe Santaularia

Bradford Commercial Real Estate Services

Broker

9 deals

Broker

Frank Cohen

Blackstone

Landlord

$175M

vol

2 deals

Landlord
NS
Network Wireless SolutionsTenant

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