FB Flurry Leases 472.2K SF Industrial Space In Garland With Proterra Properties As Tenant's Rep
3737 West Miller Road, Garland, TX 75041
Building Size
472,200 SF
Asset Type
Industrial
Closing
May 20, 2021
AI
Located in Garland, the industrial property at 3737 W. Miller Road has recently been leased. The property spans over 472,200 square feet and sits on 20.6 acres. The lease transaction was finalized on 05/21/2021.
Summary of transation details
- Property Type: Industrial
- Tenant: FB Flurry
- Landlord: Clarion Partners
- Tenant's Representative: Dan Lawson - Proterra Properties
- Landlord's Representatives: Matt Dornak & Ryan Wolcott - Stream Realty Partners
The tenant, FB Flurry, secured this lease agreement with the assistance of their representative, Dan Lawson from Proterra Properties. On the other side, Clarion Partners, the landlord, was represented by Matt Dornak and Ryan Wolcott from Stream Realty Partners.
Players
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