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4002 W Miller Rd, Garland, ...

Tosca Services LLC Leases Industrial Property In Garland From Barings
LEASEDIndustrial

Tosca Services LLC Leases Industrial Property In Garland From Barings

4002 W Miller Rd, Garland, TX, 75041

Building Size

152,000 SF

Asset Type

Industrial

Closing

Dec 10, 2019

AI

The industrial lease transaction at 4002 W Miller Rd, Garland, TX, 75041 in Garland involved a 152,000-square-foot property at Gateway East Business Center. The tenant, Tosca Services LLC, a provider of reusable plastic containers, secured this industrial space in a deal facilitated by Louis Pascuzzi of Newmark Knight Frank representing the tenant and Ryan Wolcott and Matt Dornak of Stream Realty Partners representing the landlord, Barings.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not Applicable
  • Tenant: Tosca Services LLC
  • Landlord: Barings
  • Square Feet: 152,000
  • Tenant's Rep: Louis Pascuzzi (Newmark)

In the lease negotiations for the industrial property, Tosca Services LLC was represented by Louis Pascuzzi from Newmark Knight Frank, while the landlord, Barings, was represented by Ryan Wolcott and Matt Dornak from Stream Realty Partners. This lease at the Gateway East Business Center in Garland, Texas, marks a significant real estate decision for Tosca Services LLC, enhancing their operational capabilities in the northeastern suburb of Dallas.

Players

Louis Pascuzzi

Newmark

Broker

7 deals

Broker
Barings
BaringsLandlord

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