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308 West Mockingbird Lane

Sow Good Leases 51.2K SF Industrial Space At Stemmons Industrial Center In Dallas
LEASEDIndustrial

Sow Good Leases 51.2K SF Industrial Space At Stemmons Industrial Center In Dallas

308 West Mockingbird Lane

Building Size

51,264 SF

Asset Type

Industrial

Closing

Dec 11, 2023

AI

Sow Good Inc. has leased a 51,264-square-foot industrial space at Stemmons Industrial Center in West Dallas. The entire Building 10 is now occupied by the freeze-dried food products provider. The property is located at 308 West Mockingbird Lane in the Dallas market.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: Not available
  • Address: 308 West Mockingbird Lane
  • Square Footage: 51,264
  • Market: Dallas

The landlord, Prologis, was represented by Hamid Moghadam. Sow Good Inc. was represented by Dalton Jernigan, Garrison Efird, and Jim Cooksey from Newmark. Lee & Associates acted as the landlord's representative in the lease transaction.

NOTE: Sow Good Inc. leased the industrial space at Stemmons Industrial Center, occupying the entire Building 10. Garrison Efird, Jim Cooksey, and Dalton Jernigan represented Sow Good Inc., while Lee & Associates represented Prologis, the landlord.

Players

Jim Cooksey

Newmark

Broker

5 deals

Broker
Hamid Moghadam

Hamid Moghadam

Prologis

Landlord

$2.6B

vol

51 deals

Landlord

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