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415 Bank St, Southlake, TX ...

Frog Street Press Leases 28,390 SF Industrial Space At 415 Bank St. In Southlake With Tenant's Rep Steve Shrum - Glacier Commercial And Landlord's Rep Matt Carthey, George Jennings, & Hogan Harrison - Holt Lunsford Commercial
LEASEDIndustrial

Frog Street Press Leases 28,390 SF Industrial Space At 415 Bank St. In Southlake With Tenant's Rep Steve Shrum - Glacier Commercial And Landlord's Rep Matt Carthey, George Jennings, & Hogan Harrison - Holt Lunsford Commercial

415 Bank St, Southlake, TX 76092, USA

Building Size

283,900 SF

Asset Type

Industrial

Closing

Sep 30, 2020

AI

Located at 415 Bank Street in Southlake, this industrial property was recently leased. The property spans a total of 28,390 square feet and is owned by Frontier Equity. The tenant, Frog Street Press, has secured a lease agreement for the space.

Summary of transaction details

Steve Shrum from Glacier Commercial acted as the tenant's representative in this lease deal. On the other hand, Matt Carthey, George Jennings, and Hogan Harrison from Holt Lunsford Commercial represented Frontier Equity, the landlord, in this transaction.

Players

Matt Carthey

Holt Lunsford Commercial

Broker

27 deals

Broker
FE
Frontier EquityLandlord
FP
Frog Street PressTenant

Southlake 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