facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Lease

/

3737 West Miller Road, Garl...

FB Flurry Leases 472.2K SF Industrial Space In Garland With Proterra Properties As Tenant's Rep
LEASEDIndustrial

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

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

Matt Dornak

Stream Realty Partners⁠

Broker

15 deals

Broker
Clarion Partners
Clarion PartnersLender
Clarion Partners
Clarion PartnersLandlord

Garland Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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