Updated Oct 28, 2024
Red River Distribution Leases Industrial Space At Garden Brook Drive In Farmers Branch
3401 Garden Brook Drive, Farmers Branch, Dallas, TX 75234, USA
Building Size
133,500 SF
Asset Type
Industrial
Closing
Jun 30, 2020
About this deal
AI
Red River Distribution has secured a lease for an industrial property located at 3401 Garden Brook Drive in Farmers Branch. The property, spanning approximately 133,500 square feet, was leased on June 30, 2021. Red River Distribution will be occupying this industrial space in Farmers Branch.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 06/30/2021
- Address: 3401 Garden Brook Drive
- Market: Farmers Branch
- Tenant: Red River Distribution
- Broker: Newmark
Red River Distribution's lease for the industrial property at 3401 Garden Brook Drive was facilitated by Newmark on June 30, 2021. Woody Bannister represented Red River Distribution as their broker in this transaction.
Players
Dallas Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Deal FAQ
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