Updated Oct 28, 2024
Nokia Leases 223,062 SF Industrial Space In Lewisville From Stockbridge
2525 State Highway 121, Lewisville, TX, USA
Building Size
223,062 SF
Asset Type
Industrial
Closing
May 7, 2020
About this deal
AI
An industrial property located at 2525 East State Highway 121 in Lewisville has been leased. The property spans approximately 223,062 square feet.
Summary of transaction details
- Property Type: Industrial
- Tenant: Nokia - Pekka Lundmark
- Tenant's Rep: Colliers International
- Landlord: Stockbridge
- Landlord's Rep: Stream Realty Partners
Nokia, represented by Pekka Lundmark, has leased the property from Stockbridge. The lease transaction was facilitated by Colliers International, acting as the tenant's representative, and Stream Realty Partners, acting as the landlord's representative.
Traded’s record for 2525 State Highway 121, Lewisville, TX, USA in Lewisville, Texas covers a industrial lease from 2020. Published size for 2525 State Highway 121, Lewisville, TX, USA is 223,062 square feet. This page is the Lewisville, Texas file for the 2525 State Highway 121, Lewisville, TX, USA industrial leased: pricing, party profiles, and other closed industrial comps from the same Lewisville sit in the Market section below. Filter that Lewisville industrial set by closing date to see what else leased near 2525 State Highway 121, Lewisville, TX, USA around 2020. Cite this Nokia Leases 223,062 SF Industrial Space In Lewisville From Stockbridge lease when underwriting similar industrial product around Lewisville, Texas.
Players
Lewisville Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
Deal FAQ
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