LEASEDIndustrial
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
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.
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