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4717 Plano Pkwy, Carrollton...

Billingsley Co Leases 162000 Square Feet At 4717 Plano Pkwy Carrollton With George Billingsley As Landlord's Representative
LEASEDIndustrial

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

George Billingsley

Broker

3 deals

Broker
BC
Billingsley CoLandlord

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