MHC Truck Leasing Signs Industrial Lease In Grand Prairie, Texas
2626 W Pioneer Pkwy Grand Prairie, TX 75051, USA
Building Size
20,020 SF
Asset Type
Industrial
Closing
Aug 25, 2023
AI
MHC Truck Leasing has signed a 20,020-square-foot industrial lease in Grand Prairie, Texas. The property, located at 2626 West Pioneer Parkway, offers a spacious and functional space for industrial purposes. The lease transaction was facilitated by Jarrett Huge and Alex Wilson of Lee & Associates, who represented both the tenant and the landlord, Abdalla 2816 Pioneer LLC.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 20,020
- Address: 2626 West Pioneer Parkway, Grand Prairie, Texas
- Market: Grand Prairie
MHC Truck Leasing made the decision to lease this industrial property in Grand Prairie, Texas, to support their business operations. The transaction was successfully negotiated by Jarrett Huge and Alex Wilson, adding value to both the tenant and the landlord. This lease agreement demonstrates the strong collaboration between MHC Truck Leasing and Abdalla 2816 Pioneer LLC.
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