Link Industrial Properties Leases 16875 Square Feet Industrial Space To Starwood Distributors In Richardson
301 323 Hilltop Avenue
Building Size
16,875 SF
Asset Type
Industrial
Closing
Sep 16, 2025
AI
An industrial lease transaction has been executed for a property consisting of 16,875 square feet located at 301-323 Hilltop Avenue in the Richardson market. The building was constructed in 1965.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 301-323 Hilltop Avenue
- Market: Richardson
- Landlord: Link Industrial Properties
- Tenant: Starwood Distributors
- Landlord's Representative: Brett Lewis & George Tanghongs - Lee & Associates
- Tenant's Representative: Trevor Atkins - CBRE
Lee & Associates successfully brokered the lease, with Brett Lewis and George Tanghongs representing the landlord, while Trevor Atkins of CBRE acted on behalf of the tenant.
Players
Richardson 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