Pilot Air Freight Leases 95071 Square Feet Industrial Space At 221 Southwestern Boulevard In Coppell
221 Southwestern Boulevard
Building Size
95,071 SF
Asset Type
Industrial
Closing
Mar 19, 2025
AI
The property involved in this transaction is a 95,071-square-foot industrial facility located at 221 Southwestern Boulevard in Coppell. The asset is newly built, with construction completed in 2024.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 221 Southwestern Boulevard
- Market: Coppell
- Landlord: Ryan Hesch - ML Realty Partners
- Tenant: Pilot Air Freight
- Landlord's Representative: Jeremy Kelly & Lena Thomas - Stream Realty Partners
- Tenant's Representative: JM Priddy, Robert Tamillo & Jon Gorczyca - JLL
The transaction involved Pilot Air Freight signing a lease for the entire facility. JLL was responsible for representing the tenant in the negotiation, while Stream Realty Partners acted on behalf of the landlord, ML Realty Partners.
Players
Coppell 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