Updated Oct 28, 2024
Lykes Cartage Co. Inc. Leases Industrial Space In Grand Prairie
2880 113th St, Grand Prairie, TX, USA
Building Size
68,818 SF
Asset Type
Industrial
Closing
Apr 26, 2021
About this deal
AI
The industrial property located at 2880 113th St in Grand Prairie has been leased. The property spans 68,818 square feet and is owned by Columbia Texas 113th Industrial LP.
Summary of transaction details:
- Property Type: Industrial
- Lease Date: 04/27/2021
- Address: 2880 113th St, Grand Prairie
- Square Footage: 68,818
- Tenant: Lykes Cartage Co. Inc.
- Landlord: Columbia Texas 113th Industrial LP
- Tenant's Representative: Joe Santaularia - Bradford Commercial Real Estate Services, & Russell Todd - Centric Commercial
- Landlord's Representative: Michael Peinado - Lincoln Property Co
Joe Santaularia of Bradford Commercial Real Estate Services and Russell Todd of Centric Commercial represented the tenant, Lykes Cartage Co. Inc., in this lease transaction. Michael Peinado of Lincoln Property Co served as the landlord's representative.
On the Map
Industrial
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Players
Grand Prairie 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