Updated Oct 29, 2024
Composite Panel Technology Leases 15,000 SF Industrial Space In Addison
4125 Billy Mitchell Dr, Addison, TX 75001, USA
Building Size
150,000 SF
Asset Type
Industrial
Closing
Aug 23, 2020
About this deal
AI
The industrial property located at 4125 Billy Mitchell Drive in Addison has been leased. The transaction took place on August 24, 2020.
Summary of transation details
- Property Type: Industrial
- Tenant: Composite Panel Technology
- Landlord: Link Industrial Properties
- Tenant’s Representative: Adam Curran – Cushman & Wakefield
- Landlord’s Representatives: Tim Veler & Brett Owens – Transwestern
- Square Footage: 15,000
Cushman & Wakefield represented the tenant, Composite Panel Technology, in this lease transaction. On the other hand, Transwestern, specifically Tim Veler and Brett Owens, acted as the representatives for the landlord, Link Industrial Properties.
Players
Addison Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Deal FAQ
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