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350 Lakeside Pkwy, Flower M...

Newmark Represents Tenant In Lease Of 274,994 SF Industrial Space At 350 Lakeside Pkwy, Flower Mound
LEASEDIndustrial

Newmark Represents Tenant In Lease Of 274,994 SF Industrial Space At 350 Lakeside Pkwy, Flower Mound

350 Lakeside Pkwy, Flower Mound, TX, USA

Building Size

274,994 SF

Asset Type

Industrial

Closing

Mar 3, 2021

AI

The industrial property located at 350 Lakeside Pkwy in Flower Mound has been leased. Spanning a total of 274,994 square feet, this property is owned by Duke Realty. The lease transaction took place on 03/04/2021.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not available
  • Address: 350 Lakeside Pkwy
  • Market: Flower Mound
  • Square Footage: 274,994

Mitchell Wolf from Newmark represented the tenant in this lease deal. On the other side, Mark Miller, Rick Medinis, and Randy Wood from NAI Robert Lynn, along with Matt Hyman from Duke Realty, served as the landlord's representatives.

Players

Matt Hyman

Duke Realty

Broker

13 deals

Broker
Duke Realty
Duke RealtyLandlord

Grapevine 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