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
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