Updated Jan 2, 2025
First Industrial Texas LP Leases Industrial Property In Lewisville To Sika
2075 Midway Road, Lewisville, TX 75056
Building Size
249,093 SF
Asset Type
Industrial
Closing
Nov 22, 2021
About this deal
AI
A lease transaction took place in Lewisville involving an industrial property located at 2075 Midway Road. The property spans 249,093 square feet and sits on 28 acres. The deal was completed on 11/22/2021.
Summary of transaction details
- Property Type: Industrial
- Tenant: Sika
- Landlord: First Industrial Texas LP
- Brokers: Adam Graham, Mark Graybill, and Johnny Anderson - Lee & Associates
The transaction was facilitated by Adam Graham, Mark Graybill, and Johnny Anderson of Lee & Associates, who represented the parties involved in the deal. No additional details about the transaction were provided.
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