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2616 Willowbrook Road

Greenpath Mail Operations Leases 21,136 SF Industrial Space In Dallas
LEASEDIndustrial

Greenpath Mail Operations Leases 21,136 SF Industrial Space In Dallas

2616 Willowbrook Road

Building Size

21,136 SF

Asset Type

Industrial

Closing

Dec 4, 2023

AI

Greenpath Mail Operations has leased a 21,136-square-foot industrial space located at 2616 Willowbrook Road in northwest Dallas. The property, owned by Warehouse Development Ltd, offers a suitable space for industrial operations. The lease transaction was completed on 12/04/2023.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Date: 12/04/2023
  • Address: 2616 Willowbrook Road, Dallas
  • Square Footage: 21,136

Nathan Denton from Lee & Associates represented the landlord, Warehouse Development Ltd, in the lease negotiation. On the other hand, Greenpath Mail Operations was assisted by Brett Owens and Jack Brewer from Transwestern, along with Stephen Williamson from Lee & Associates. These representatives played a crucial role in ensuring the successful completion of the leasing deal.

Note: Both tenant and landlord were represented by Lee & Associates, and the tenant's interests were also represented by Transwestern during the negotiation.

Players

Stephen Williamson

Lee & Associates

Broker

21 deals

Broker

Willowbrook 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