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2425 Carter Dr Carrollton, ...

Stone Resources Renews Lease For 91,000 SF Industrial Space In Carrollton, Dallas
LEASEDIndustrial

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

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

Andrew Gilbert

Holt Lunsford Commercial

Broker

14 deals

Broker

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