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3306 Quebec Street

AEW Capital Management Leases 60000 Square Feet To SCIGV Inc. At Quebec Street Dallas
LEASEDIndustrial

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:

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

Canon Shoults

Holt Lunsford Commercial

Broker

19 deals

Broker

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