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3250 Story Road West

Reliant Air Conditioning Expands Lease At 3250 Story Road W In Irving With Prologis
LEASEDIndustrial

Reliant Air Conditioning Expands Lease At 3250 Story Road W In Irving With Prologis

3250 Story Road West

Building Size

64,134 SF

Asset Type

Industrial

Closing

Aug 22, 2024

AI

The industrial property located at 3250 Story Road West in Irving spans a total area of 64,134 square feet. It is owned by Prologis, which operates a 96,200-square-foot industrial building in the area. The property is situated in a market that supports its industrial asset type, catering specifically to the needs of its tenants.

Summary of transaction details:

Lee & Associates facilitated a lease expansion for Reliant Air Conditioning at the mentioned property. The transaction highlights the collaboration between various representatives, with Steve Trese and Wilson Brown representing the landlord Prologis through CBRE, while Nathan Denton acted on behalf of the tenant through Lee & Associates.

Players

Steve Trese

CBRE

Broker

7 deals

Broker

Irving 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