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3700 Pinnacle Point Dr

Kumho Tire U.S.A. Inc Leases Industrial Space In Dallas From Cohen Asset Management
LEASEDIndustrial

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

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.

Players

Brad Balke

KBC Advisors

Broker

5 deals

Broker
Charles Cohen

Charles Cohen

Cohen Asset Management

Landlord

$1.1B

vol

23 deals

Landlord

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