Mark Collins(Cushman & Wakefield) Completes 238,000 SF Industrial Lease In The Colony
2525 E State Hwy 121, Lewisville, TX...
Building Size
238,000 SF
Asset Type
Industrial
Closing
Nov 14, 2019
AI
The asset involved in this transaction is an industrial property located at 2525 E State Hwy 121, Lewisville, TX, encompassing a total area of 238,000 square feet. This regional distribution center is situated in the Colony market. The leasing of this property reflects Benjamin Moore's desire to expand its operations within the metro Dallas-Fort Worth area.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 2525 E State Hwy 121, Lewisville, TX
- Square Feet: 238,000
- Market: The Colony
- Tenant's Representative: Mark Collins-Cushman & Wakefield
- Landlord: Unknown
The transaction marks a notable expansion for Benjamin Moore as it relocates from a smaller 70,000-square-foot facility in Mesquite, approximately 40 minutes away. The Mesquite site will continue to operate as a manufacturing facility while the new location will enhance distribution efforts in the region.
Players
The Colony 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