Raymundo Prieto Leases 13,500 SF Industrial Space To Kestrell Logistics In Dallas
2789 Irving Boulevard
Building Size
13,500 SF
Asset Type
Industrial
Closing
Sep 24, 2024
AI
The property asset involved in this transaction is located at 2789 Irving Boulevard, Dallas, featuring an industrial asset with a total square footage of 13,500. This lease transaction is categorized as a NNN Lease and details the agreement between the landlord and tenant.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2789 Irving Boulevard
- Market: Dallas
- Landlord: Raymundo Prieto
- Tenant: Kestrell Logistics
- Brokers: David Guinn & Philip Cherrick - Davidson Bogel Real Estate
The deal was facilitated by David Guinn and Philip Cherrick, who represented Davidson Bogel Real Estate in the transaction. Their involvement highlights the brokerage efforts in securing this lease for Kestrell Logistics and the corresponding agreement with Raymundo Prieto as the landlord.
Players
Dallas 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