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
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