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3901 West Miller Road, Garl...

Verdi Commerce Leases Industrial Space In Garland From First Industrial Texas With Reps From Whitebox Real Estate
LEASEDIndustrial

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:

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

Evan Hammer

Whitebox Real Estate

Broker

4 deals

Broker
First Industrial Realty Trust
First Industrial Realty TrustBrokerage
First Industrial Realty Trust
First Industrial Realty TrustLandlord

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