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2075 Midway Road, Lewisvill...

First Industrial Texas LP Leases Industrial Property In Lewisville To Sika
LEASEDIndustrial

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

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

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.

Players

Adam Graham

Lee & Associates

Broker

24 deals

Broker
First Industrial Realty Trust
First Industrial Realty TrustLandlord

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