Updated Oct 29, 2024
Kumho Tire U.S.A. Inc Leases Industrial Space In Dallas From Cohen Asset Management
3700 Pinnacle Point Dr
Building Size
393,625 SF
Asset Type
Industrial
Closing
Apr 12, 2023
About this deal
AI
A lease transaction has taken place in Dallas, involving an industrial property located at 3700 Pinnacle Point Dr. The property spans approximately 393,625 square feet. The lease was secured by Kumho Tire U.S.A. Inc and the landlord for this property is Cohen Asset Management.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: N/A
- Date: 04/12/2023
- Address: 3700 Pinnacle Point Dr, Dallas
- Market: Dallas
The lease deal was facilitated by brokers James Min, Brad Balke, Chris Teesdale, and Tom Pearson from Colliers.
On the Map
Industrial
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Players
Dallas 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