Verdi Commerce Leases Industrial Space In Garland From First Industrial Texas With Reps From Whitebox Real Estate
3901 West Miller Road, Garland, Texas 75041, United States
Building Size
94,249 SF
Asset Type
Industrial
Closing
Jun 15, 2022
AI
Verdi Commerce has leased an industrial property located at 3901 W. Miller Road in Garland. The property spans a total of 94,249 square feet and is owned by First Industrial Texas.
Summary of transaction details:
- Property Type: Industrial
- Transaction Date: 06/16/2022
- Address: 3901 W. Miller Road, Garland
- Market: Garland
- Tenant: Verdi Commerce
- Landlord: First Industrial Texas
- Landlord's Representative: Robert Allen
- Tenant's Representatives: Merideth Murphey, Evan Hammer, Lauren Pesqueda, and Brendan Zrowka - Whitebox Real Estate
The deal was facilitated by Whitebox Real Estate, with Merideth Murphey, Evan Hammer, Lauren Pesqueda, and Brendan Zrowka representing the tenant's interests in the lease agreement. This transaction marks an important milestone for Verdi Commerce as they secure the industrial space in Garland, further expanding their business operations.
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