RIM Logistics Signs Industrial Lease In Grand Prairie's GSW Commerce Center
3580 North State Highway 161
Building Size
75,123 SF
Asset Type
Industrial
Closing
Jan 25, 2024
AI
RIM Logistics, an Illinois-based freight company, has signed a lease for a 75,123-square-foot industrial property in Grand Prairie's GSW Commerce Center at 161. The property is being developed by Molto Properties and is expected to be completed later this year. It will offer features such as 36-foot clear heights and ESFR sprinkler systems.
Summary of transation details
- Property Type: Industrial
- Transaction Date: 01/25/2024
- Address: 3580 North State Highway 161
- Market: Grand Prairie
The landlord for this property is Todd Naccarato of Molto Properties. The tenant, Robert Mueller, is represented by Forshey Hoobler of KBC Advisors. Representing Molto Properties in this lease are Brian Gilchrist, Kacy Jones, and Steve Koldyke from CBRE.
Note: RIM Logistics signed the lease for this industrial property, which is located at Grand Prairie's GSW Commerce Center at 161. The lease was negotiated by Forshey Hoobler, who represented RIM Logistics, and the landlord was represented by Brian Gilchrist, Kacy Jones, and Steve Koldyke of CBRE.
Players
Grand Prairie 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