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2820 Market St, Garland, TX...

Tim Vogds Of CBRE Renews Goodyear Tire Industrial Lease In Garland
LEASEDIndustrial

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

Timothy Vogds

CBRE

Broker

5 deals

Broker

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