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2643 South Interstate 35 Ea...

Longpoint Realty Partners Leases 178,000 SF Industrial Space In Carrollton To SOPREMA USA & Compass Group USA
LEASEDIndustrial

Longpoint Realty Partners Leases 178,000 SF Industrial Space In Carrollton To SOPREMA USA & Compass Group USA

2643 South Interstate 35 East, Carrollton, TX, USA

Building Size

178,000 SF

Asset Type

Industrial

Closing

Sep 1, 2021

AI

An industrial property located at 2643 N. Interstate 35 in Carrollton has been recently leased. The property spans approximately 178,000 square feet and is owned by Longpoint Realty Partners. The lease involves two tenants, namely SOPREMA USA and Compass Group USA.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not mentioned
  • Address: 2643 N. Interstate 35, Carrollton
  • Market: Carrollton
  • Tenants: SOPREMA USA and Compass Group USA
  • Landlord: Longpoint Realty Partners

The deal was facilitated by Proterra Properties on behalf of the landlord. Jerry Reis and Harrison Shipp from Property Advisers Realty, along with David Eseke and Adam Curran from Cushman & Wakefield, served as representatives for the tenants in the transaction.

Players

Adam Curran

Holt Lunsford Commercial

Broker

5 deals

Broker
Longpoint Realty Partners
Longpoint Realty PartnersLandlord

Carrollton 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