Updated Oct 28, 2024
Samsung Signs Industrial Lease At 400 Dividend Drive In Coppell With Landlord Represented By Matt Hyman - Duke Realty And Tenant Represented By Mark Becker & Jay Benner - Cushman & Wakefield
400 Dividend Drive, Coppell, Texas 75019, United States
Building Size
815,850 SF
Asset Type
Industrial
Closing
Apr 12, 2022
About this deal
AI
The industrial property located at 400 Dividend Drive in Coppell has been leased to Samsung. The property spans 815,850 square feet, making it an ideal space for Samsung's operations. The lease agreement was facilitated by Matt Hyman from Duke Realty, representing the landlord, and Mark Becker, along with Jay Benner from Cushman & Wakefield, representing Samsung.
Summary of Transaction Details:
- Property Type: Industrial
- Transaction Date: 04/13/2022
- Address: 400 Dividend Drive, Coppell
- Market: Coppell
- Size: 815,850 square feet
- Tenant: Samsung
- Landlord's Representative: Matt Hyman - Duke Realty
- Tenant's Representatives: Mark Becker & Jay Benner - Cushman & Wakefield
On the Map
Industrial
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Players
Coppell 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