Zyka Foods Renews 15,885 SF Lease In Irving With Sealy & Co
2737 West Airport Freeway
Building Size
15,885 SF
Asset Type
Industrial
Closing
Mar 22, 2024
AI
The industrial property located at 2737 West Airport Freeway in Irving spans 15,885 square feet. The lease for this asset was renewed by Zyka Foods Southwest Inc., a wholesale provider of Indian cuisine.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: Scott P. Sealy, Sr. - Sealy & Co.
- Tenant: Zyka Foods Southwest Inc.
- Landlord's Rep: Canon Shoults & Maddy Canty - Holt Lunsford Commercial
- Tenant's Rep: David Easterling - CBRE
The lease negotiations for the 15,885-square-foot industrial property were handled by Canon Shoults and Maddy Canty of Holt Lunsford Commercial, representing the landlord, Sealy & Co. On the tenant side, David Easterling from CBRE represented Zyka Foods Southwest Inc.
Players
Irving 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