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
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