Careismatic Brands Inc. Leases 152,225 SF Industrial Space In Dallas With Tenant's Rep Gary Lindsey - Newmark And Landlord's Rep Younger Partners
2130 French Settlement Road, Dallas, TX, USA
Building Size
152,225 SF
Asset Type
Industrial
Closing
May 10, 2021
AI
The industrial property located at 2130 French Settlement Road in Dallas has recently been leased. The property spans a total of 152,225 square feet and is owned by BCO Turnpike Ltd.
Summary of transaction details
- Property Type: Industrial
- Tenant: Careismatic Brands Inc.
- Landlord: BCO Turnpike Ltd
- Tenant's Rep: Gary Lindsey - Newmark
- Landlord's Rep: Younger Partners
- Square Footage: 152,225
Careismatic Brands Inc. is the tenant for this leased property. Represented by Gary Lindsey of Newmark, they have secured this industrial space from BCO Turnpike Ltd. The landlord was represented by Younger Partners in this transaction.
Players
Dallas 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