Lee & Associates Facilitates 50K SF Industrial Lease In West Dallas
4039 Rock Quarry Road
Building Size
50,000 SF
Asset Type
Industrial
Closing
May 23, 2024
AI
The industrial property involved in the lease transaction is located at 4039 Rock Quarry Road in Dallas. The property, owned by Prologis, covers a total area of 239,134 square feet, with the specific lease covering 50,000 square feet and was constructed in 2000.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 4039 Rock Quarry Road
- Market: Dallas
- Asset Type: Industrial
- Square Footage: 50,000
- Landlord: Hamid Moghadam - Prologis
- Brokers: Adam Graham & Stephen Williamson - Lee & Associates
Adam Graham and Stephen Williamson of Lee & Associates represented the landlord, Prologis, in negotiating the 50,000-square-foot industrial lease. The identity of the tenant and their representative remains undisclosed in this transaction.
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