Stone Resources Renews Lease For 91,000 SF Industrial Space In Carrollton, Dallas
2425 Carter Dr Carrollton, Tx 75006, Usa
Building Size
91,000 SF
Asset Type
Industrial
Closing
May 30, 2023
AI
Stone Resources has renewed its lease for a 91,000-square-foot industrial space located at 2425 Carter Drive in Carrollton, Dallas. The property, situated on 4.9 acres and built in 1986, is owned by Taurus. The lease renewal was facilitated by Holt Lunsford Commercial, with Andrew Gilbert and Keaton Brice representing Stone Resources.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Not Disclosed
- Address: 2425 Carter Drive, Carrollton, Dallas
- Market: Carrollton
- Tenant: Stone Resources
- Landlord: Taurus
- Brokers: Andrew Gilbert & Keaton Brice - Holt Lunsford Commercial
The lease renewal for the industrial space in Carrollton, Dallas is a significant deal for Stone Resources. It demonstrates their commitment to the location and their satisfaction with the facilities provided by Taurus. The negotiation process was expertly handled by Andrew Gilbert and Keaton Brice of Holt Lunsford Commercial, ensuring a seamless agreement for all parties involved.
Players
Texas 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