Billingsley Co Leases 162000 Square Feet At 4717 Plano Pkwy Carrollton With George Billingsley As Landlord's Representative
4717 Plano Pkwy, Carrollton, TX, 75010
Building Size
162,000 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property at 4717 Plano Parkway in Carrollton, Texas, features a total square footage of 162,000 square feet, situated in a prominent market area known for industrial activities. The landlord of the property is Billingsley Co.
Summary of transaction details:
- Property Type: Industrial Lease Expansion
- Transaction Amount: Not specified
- Address: 4717 Plano Pkwy, Carrollton, TX, 75010
- Market: Carrollton
- Landlord's Representative: George Billingsley
- Tenant: JB Hudco
- Square Feet: 162,000
NAI Robert Lynn facilitated this lease expansion, which notably triples JB Hudco's footprint in the Dallas area to a total of 240,000 square feet. Chad Albert of NAI Robert Lynn played a key role in representing JB Hudco during the negotiations for this lease agreement.
Players
Carrollton 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