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423 Bank St, Southlake, TX ...

Frog Street Press Leases Industrial Space At 423 Bank Street Southlake With Tenant's Rep Steve Shrum – Glacier Commercial Realty
LEASEDIndustrial

Frog Street Press Leases Industrial Space At 423 Bank Street Southlake With Tenant's Rep Steve Shrum – Glacier Commercial Realty

423 Bank St, Southlake, TX 76092, USA

Building Size

28,390 SF

Asset Type

Industrial

Closing

Sep 22, 2020

AI

An industrial property located at 423 Bank Street in Southlake has been leased to Frog Street Press. The property offers a total square footage of 28,390 and was listed with an asking rent of $12 per square foot. The transaction was facilitated by Glacier Commercial Realty, with Steve Shrum representing Frog Street Press as their tenant’s representative. The landlord, Frontier Equity, was represented by Matt Carthey, George Jennings, and Hogan Harrison.

Summary of transaction details

The leasing deal involving the industrial property at 423 Bank Street in Southlake was successfully closed with Frog Street Press as the new tenant. Frog Street Press was represented by Steve Shrum of Glacier Commercial Realty, while the landlord, Frontier Equity, had their interests looked after by Matt Carthey, George Jennings, and Hogan Harrison.

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