New Thermo-Serv Leases 117,047 SF Industrial Space In Dallas
3901 Pipestone Road, Dallas, TX 75212
Building Size
117,047 SF
Asset Type
Industrial
Closing
Jun 21, 2020
AI
An industrial property located at 3901 Pipestone Road in Dallas has recently been leased. The property, which spans 117,047 square feet and sits on 7.6 acres, was leased by New Thermo-Serv Ltd.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 06/21/2021
- Address: 3901 Pipestone Road, Dallas
- Tenant: New Thermo-Serv Ltd
- Landlord: Prim Turnpike Portfolio LLC
- Tenant's Representative: Art Leichner & Andrew Crites - Newmark
- Landlord's Representative: John Gorman - Holt Lunsford Commercial
The lease was facilitated by Art Leichner and Andrew Crites from Newmark, who represented the tenant. John Gorman from Holt Lunsford Commercial served as the landlord's representative in the deal.
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