CKS Packaging Inc. Leases 50,560 SF Industrial Space In Northwest Dallas
2829 Merrell Rd, Dallas, TX 75229, USA
Building Size
50,560 SF
Asset Type
Industrial
Closing
Jun 7, 1920
AI
CKS Packaging Inc. has leased a 50,560 square foot industrial property located at 2829 Merrell Road in Northwest Dallas. The landlord for this transaction is Gillis Thomas LP, represented by Don Conlon. The tenant, represented by John Sewell, secured the lease through Stream Realty Partners, with Ryan Boozer and Lena Pierce acting as the brokers.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Not available
- Tenant: CKS Packaging Inc. - John Sewell
- Landlord: Gillis Thomas LP - Don Conlon
- Broker: Stream Realty Partners - Ryan Boozer & Lena Pierce
This lease transaction adds CKS Packaging Inc. to the industrial market in Northwest Dallas. It was facilitated by the collaboration of John Sewell as the tenant's representative and Don Conlon as the landlord's representative. Stream Realty Partners, with brokers Ryan Boozer and Lena Pierce, played a crucial role in bringing the parties together for this deal.
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