Louis Vuitton North America Leases 211,100 SF Industrial Space In Coppell
220 Freeport Parkway, Coppell, TX 75019
Building Size
211,100 SF
Asset Type
Industrial
Closing
Oct 1, 2021
AI
The industrial property located at 220 Freeport Parkway in Coppell has been leased. The property spans a total of 211,100 square feet and is owned by Prologis.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 10/01/2021
- Address: 220 Freeport Parkway, Coppell
- Market: Coppell
- Tenant: Louis Vuitton North America Inc.
- Landlord's Representative: Transwestern
- Tenant's Representative: Blake Anderson, Tom Carragher, Adam Petrillo, Al Petrillo, Craig Engelhardt, Jeff Cannon, Chris Koeck, & Steve Korfiatis - Newmark
The lease agreement for the industrial property was finalized on 10/01/2021. Louis Vuitton North America Inc. will be occupying the space. The transaction was facilitated by Transwestern, representing the landlord Prologis, and Newmark, representing Louis Vuitton North America Inc.
Coppell Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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