Tim Vogds Of CBRE Renews Goodyear Tire Industrial Lease In Garland
2820 Market St, Garland, TX, 75041
Building Size
13,986 SF
Asset Type
Industrial
Closing
Sep 9, 2019
AI
The industrial property located at 2820 Market St in Garland, TX, spanning 13,986 square feet, saw a lease renewal with Goodyear Tire & Rubber Co. The asset, built in 1994 on 2.3 acres, serves as a crucial location for the company within the northeastern suburb of Dallas.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Address: 2820 Market St, Garland, TX, 75041
- Market: Garland
- Tenant: Goodyear Tire & Rubber Co
- Landlord: 2820 Market Street Ltd
- Square Feet: 13,986
- Tenant's Rep: Timothy (Tim) Vogds (CBRE)
In brokering the lease negotiations, Ryan Boozer of Stream Realty Partners acted as the landlord's representative, while the tenant was represented by Tim Vogds from CBRE, showcasing the involvement of key industry professionals in facilitating this transaction.
Players
Garland 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