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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2727 Realty Road
- Market: Carrollton
- Square Footage: 31,750
- Landlord: GKI Industrial Dallas LLC
- Tenant: GPK Products Inc
- Landlord's Rep: Brian Pafford - Bradford Commercial Real Estate Services
- Tenant's Rep: John Paul Floyd - CBRE
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
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