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2801 North State Highway 78

Chint Power Systems Leases 76,433 SF Industrial Space In Wylie Business Center
LEASEDIndustrial

Chint Power Systems Leases 76,433 SF Industrial Space In Wylie Business Center

Building Size

76,433 SF

Asset Type

Industrial

Closing

Apr 8, 2024

AI

The property involved in the lease is an industrial asset spanning 76,433 square feet located at 2801 North State Highway 78 in Wylie. The lease was finalized between landlord Lovett Industrial and Cresset Real Estate Partners and tenant Chint Power Systems in the northeastern Dallas suburb of Wylie.

Summary of transaction details:

The deal was brokered by Dalton Knipe, Kurt Griffin, and Nathan Orbin of JLL representing the landlords, Lovett Industrial and Cresset Real Estate Partners. On the other side, Christian Moore from Mercer Company served as the representative for Chint Power Systems, a company specializing in solar energy products. The agreement aims for Chint Power Systems to transition into the 76,433-square-foot industrial space at Wylie Business Center by summer.

Players

Nathan Orbin

JLL

Broker

6 deals

Broker

Market 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