Dynasty Spirits Leases Industrial Space At 3200 Irving Blvd In Dallas With Tenant's Rep Scott Hobbs & Kim Lyon - Newmark
3200 Irving Boulevard, Dallas, Texas 75247, United States
Building Size
46,378 SF
Asset Type
Industrial
Closing
May 25, 2022
AI
3200 Irving Blvd in Dallas has been leased to Dynasty Spirits. The industrial property, owned by M2G Ventures, was represented by Jason Moser & Hanes Chatham of Stream Realty Partners. Scott Hobbs & Kim Lyon of Newmark represented Dynasty Spirits in the deal. The lease was finalized on 05/26/2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Date: 05/26/2022
- Address: 3200 Irving Blvd, Dallas
- Landlord: M2G Ventures
- Tenant: Dynasty Spirits
- Landlord's Representative: Jason Moser & Hanes Chatham - Stream Realty Partners
- Tenant's Representative: Scott Hobbs & Kim Lyon - Newmark
The lease agreement between M2G Ventures and Dynasty Spirits for the industrial property located at 3200 Irving Blvd was facilitated by Jason Moser and Hanes Chatham from Stream Realty Partners as the landlord's representatives. On the tenant's side, Scott Hobbs and Kim Lyon from Newmark represented Dynasty Spirits.
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