AEW Capital Management Leases 60000 Square Feet To SCIGV Inc. At Quebec Street Dallas
3306 Quebec Street
Building Size
60,000 SF
Asset Type
Industrial
Closing
Sep 17, 2024
AI
The property asset involved is an industrial space located at 3306-3310 Quebec Street in Dallas, with a total square footage of 60,000. The building was originally constructed in 1971 and is now leased to SCIGV Inc.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 3306-3310 Quebec Street
- Market: Dallas
- Landlord: AEW Capital Management
- Tenant: SCIGV Inc.
- Landlord's Representative: Canon Shoults & Maddy Coffman - Holt Lunsford Commercial
- Tenant's Representative: Turner Peterson - Mercer Company
Holt Lunsford Commercial, a locally based brokerage firm, was involved in negotiating the lease. Canon Shoults and Maddy Coffman represented AEW Capital Management, while Turner Peterson from Mercer Company represented SCIGV Inc. during the lease negotiation process.
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