Continental Office Group Leases Industrial Space In Garland With Landlord Barings
4002 W Miller Rd, Garland, TX 75041, USA
Building Size
223,740 SF
Asset Type
Industrial
Closing
Aug 12, 2020
AI
The industrial property located at 4002 West Miller Road in Garland has been leased. The property spans a total of 22,374 square feet.
Summary of transaction details:
- Property Type: Industrial
- Tenant: Continental Office Group
- Landlord: Barings
- Tenant's Representative: Jones Lang LaSalle
- Landlord's Representatives: Matt Dornak & Ryan Wolcott – Stream Realty Partners
- Market: Garland
The leasing transaction was facilitated by Jones Lang LaSalle, who represented Continental Office Group, the tenant. On the other side, Matt Dornak and Ryan Wolcott from Stream Realty Partners acted as the representatives for the landlord, Barings.
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