First Industrial Texas LP Leases 249093 Square Feet At 2075 Midway Rd In Lewisville
2075 Midway Rd, Lewisville, TX, 75056
Building Size
249,093 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property involved in this transaction is an industrial lease located at 2075 Midway Road in Lewisville, Texas, within the market of The Colony. The facility encompasses a total of 249,093 square feet and is situated on a 28-acre lot. It features clear heights ranging from 32 to 36 feet and has truck court depths of 185 feet.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not disclosed
- Address: 2075 Midway Rd, Lewisville, TX, 75056
- Market: The Colony
- Landlord: First Industrial Texas LP
- Landlord's Representatives: Adam Graham, Mark Graybill, and Johnny Anderson of Lee & Associates
- Tenant: Swiss chemical provider Sika (representative not disclosed)
The negotiation of the lease was managed by Lee & Associates, where the representation for the landlord was provided by Adam Graham, Mark Graybill, and Johnny Anderson. The tenant in this transaction is represented by an undisclosed representative.
Players
The Colony 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