Andersen Windows Leases 223,000 SF Industrial Space In Dallas
3801 Regency Crest Dr, Garland, TX 75041, USA
Building Size
2,230,000 SF
Asset Type
Industrial
Closing
Jun 17, 2020
AI
An industrial property located at 3801 Regency Crest Drive in Dallas, Texas has been leased. The property spans an area of 223,000 square feet and is situated in the Garland market.
Summary of transaction details
- Property Type: Industrial
- Tenant: Andersen Windows – Jay Lund
- Landlord: Barings – Tom Finke
- Tenant's Representative: Gary Collett – Cushman & Wakefield
- Landlord's Representatives: Ryan Wolcott & Matt Dornak
The tenant, Jay Lund of Andersen Windows, leased the property from the landlord, Tom Finke of Barings. The deal was facilitated by Gary Collett of Cushman & Wakefield, who represented the tenant, while the landlord was represented by Ryan Wolcott and Matt Dornak. Additional information regarding the transaction was not provided.
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