AllPoints Of Texas Leases Industrial Space In Grand Prairie
2450 114th Street, Grand Prairie, Texas 75050, United States
Building Size
51,200 SF
Asset Type
Industrial
Closing
Jul 2, 2022
AI
An industrial property located at 2450 114th St in Grand Prairie has been leased. The property spans 51,200 square feet, making it suitable for industrial purposes. The lease transaction took place on 02/07/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 02/07/2022
- Address: 2450 114th St, Grand Prairie
- Market: Grand Prairie
- Square Footage: 51,200
The landlord for this property is William J. Owen Trust & OMO Investment Co. The tenant who leased the property is AllPoints of Texas. Representing the landlord's side in the transaction were Jim Ferris and Michael W. Spain from Bradford Commercial Real Estate Services. Bill Biesel from Biesel Investments Inc. served as the tenant's representative.
Players
Grand Prairie 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