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3502 Regency Crest Dr, Garl...

Zobele Group Leases Industrial Space At 3502 Regency Crest Dr Garland TX From Stag Texas Holdings
LEASEDIndustrial

Zobele Group Leases Industrial Space At 3502 Regency Crest Dr Garland TX From Stag Texas Holdings

3502 Regency Crest Dr, Garland, TX...

Building Size

164,419 SF

Asset Type

Industrial

Closing

Nov 22, 2023

AI

The property asset involved in this transaction is an industrial lease located at 3502 Regency Crest Drive, Garland, TX. This facility encompasses a total area of 164,419 square feet and is situated in the Garland market. The tenant in this lease agreement is Zobele Group, a product development and manufacturing firm based in Italy, while the landlord is Stag Texas Holdings.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 3502 Regency Crest Dr, Garland, TX
  • Market: Garland
  • Square Feet: 164,419
  • Tenant: Zobele Group
  • Landlord: Stag Texas Holdings
  • Tenant's Representative: Terry Darrow - JLL
  • Landlord's Representative: Ryan Wolcott - Stream Realty Partners

This transaction was facilitated by Terry Darrow and Chris Stout of JLL, who represented the tenant, Zobele Group, during the lease negotiations. Ryan Wolcott from Stream Realty Partners acted as the representative for the landlord, Stag Texas Holdings. The expected move-in date for Zobele Group is planned for the second quarter of 2018.

Players

Ryan Wolcott

Stream Realty Partners⁠

Broker

$33.6K

vol

11 deals

Broker

Garland 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