Taurus Investment Holdings Leases 25970 Square Feet To Sunmetals Products In Dallas
4301 Shilling Way
Building Size
25,970 SF
Asset Type
Industrial
Closing
Sep 16, 2024
AI
The transaction involved a 25,970-square-foot industrial asset located at 4301-4311 Shilling Way in the Dallas market. The property is under the ownership of Taurus Investment Holdings, serving as the landlord in this lease agreement.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Disclosed
- Address: 4301-4311 Shilling Way
- Market: Dallas
- Landlord: Taurus Investment Holdings
- Tenant: Sunmetals Products of America
- Brokers: Canon Shoults & Mitch Cantwell - Holt Lunsford Commercial
Canon Shoults and Mitch Cantwell from Holt Lunsford Commercial represented the landlord in the lease agreement while the tenant, Sunmetals Products of America, is not named specifically in the transaction details. The deal showcases the collaborative efforts of the brokers in facilitating the lease arrangement.
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