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2075 Midway Rd, Lewisville,...

First Industrial Texas LP Leases 249093 Square Feet At 2075 Midway Rd In Lewisville
LEASEDIndustrial

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

Johnny Anderson

Lee & Associates

Broker

5 deals

Broker
First Industrial Realty Trust
First Industrial Realty TrustBrokerage
First Industrial Realty Trust
First Industrial Realty TrustLandlord

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