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
- Property Type: Industrial
- Tenant: Frog Street Press
- Landlord: Frontier Equity
- Square Footage: 28,390
- Tenant's Representative: Steve Shrum - Glacier Commercial
- Landlord's Representatives: Matt Carthey, George Jennings, & Hogan Harrison - Holt Lunsford Commercial
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
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