Updated Dec 11, 2024
Plastipak Packaging Leases Industrial Space In Garland
3200 West Kingsley Road, Garland, TX, USA
Building Size
470,590 SF
Asset Type
Industrial
Closing
Feb 2, 2021
About this deal
AI
The industrial property located at 3200 Kingsley Road in Garland has been leased.
Summary of transaction details:
- Property Type: Industrial
- Transaction Date: 02/03/2021
- Address: 3200 Kingsley Road
- Market: Garland
- Square Footage: 470,590
The tenant for this lease is Plastipak Packaging Inc. The landlord is Duke Realty. Plastipak Packaging Inc. was represented by Andrew McCaig from Benchmark Partners, while Duke Realty was represented by Bryan Parker and Matt Hyman.
Traded’s record for 3200 West Kingsley Road, Garland, TX, USA in Garland, Texas covers a industrial lease from 2021. Published size for 3200 West Kingsley Road, Garland, TX, USA is 470,590 square feet. Bryan Parker, Matt Hyman, Andrew McCaig, Duke Realty appear on the lease alongside Duke Realty. This page is the Garland, Texas file for the 3200 West Kingsley Road, Garland, TX, USA industrial leased: pricing, party profiles, and other closed industrial comps from the same Garland sit in the Market section below. Filter that Garland industrial set by closing date to see what else leased near 3200 West Kingsley Road, Garland, TX, USA around 2021. Cite this Plastipak Packaging Leases Industrial Space In Garland lease when underwriting similar industrial product around Garland, Texas.
Players
Garland 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