Updated Oct 29, 2024
Gergef Auto Parts Leases 110800 Square Feet At 4012 W Illinois Ave In Dallas
4012 W Illinois Ave, Dallas, TX, 75211
Building Size
110,800 SF
Asset Type
Industrial
Closing
Oct 7, 2019
About this deal
AI
The property involved in this transaction is an industrial lease located at 4012 W. Illinois Ave, Dallas, TX, covering an area of 110,800 square feet. The market value is not specified in the information provided, but it is noted that the transaction takes place in Dallas.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not specified
- Address: 4012 W Illinois Ave, Dallas, TX, 75211
- Tenant: Gergef Auto Parts
- Landlord: Illinois Avenue Capital Partners LLC
- Tenant's Representative: Jim Ferris - Bradford Commercial Real Estate Services
- Landlord's Representative: Matthew Elliott - The Corcoran Group
- Square Feet: 110800
The lease agreement was executed with Gergef Auto Parts as the tenant, while Illinois Avenue Capital Partners LLC served as the landlord in this transaction. Jim Ferris represented the tenant's interests, and Matthew Elliott was responsible for representing the landlord throughout the lease negotiations.
Players
Dallas 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