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2727 Realty Road

GPK Products Inc Leases 31750 Square Feet At Marsh Business Park West In Carrollton
LEASEDIndustrial

GPK Products Inc Leases 31750 Square Feet At Marsh Business Park West In Carrollton

2727 Realty Road

Building Size

31,750 SF

Asset Type

Industrial

Closing

Nov 18, 2024

AI

The property asset involved in this transaction is a 31,750 square feet industrial space located at 2727 Realty Road in Carrollton. The asset is part of the Marsh Business Park West, a 10-building industrial portfolio totaling 636,725 square feet, owned by GKI Industrial Dallas LLC. The facility is significant as it marks GPK Products Inc.'s first distribution center in Texas and achieves full occupancy for the business park.

Summary of transaction details:

The deal involved key representatives from both the landlord and tenant sides. Brian Pafford of Bradford Commercial Real Estate Services represents GKI Industrial Dallas LLC, while John Paul Floyd from CBRE represents GPK Products Inc. This transaction not only highlights the demand for industrial space in the area but also contributes to the overall occupancy success of Marsh Business Park West.

Players

Brian Pafford

Bradford Commercial Real Estate Services

Broker

26 deals

Broker

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