Updated Dec 4, 2024
Bleecker Partners Signs Three Tenants At Northway Plaza In Farmers Branch Industrial Lease
3214 East Belt Line Road
Building Size
14,942 SF
Asset Type
Industrial
Closing
Aug 19, 2024
About this deal
AI
The property asset involved in the transaction is located at 3214 East Belt Line Road in Farmers Branch. This industrial property encompasses a total of 14,942 square feet within the 131,149-square-foot industrial flex complex known as Northway Plaza.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Disclosed
- Address: 3214 East Belt Line Road
- Market: Farmers Branch
- Landlord: Bleecker Partners
- Tenant 1: Lina T. Ramey & Associates - Leased Space: 8,400 sq. ft.
- Tenant 2: High Five Ventures LLC - Leased Space: 3,570 sq. ft.
- Tenant 3: Northstar Mobile Inc. - Leased Space: 2,972 sq. ft.
- Brokers: Justin Greenwood & Jason Finch - Bradford Commercial Real Estate Services
Bleecker Partners has successfully signed three new tenants at Northway Plaza, filling nearly all available space in the industrial flex complex. The deal was facilitated by brokers Justin Greenwood and Jason Finch, representing Bleecker Partners in this transaction.
On the Map
Industrial
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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