Updated Dec 4, 2024
Phoenix Design Group Renews Lease At 4850 Wright Road Industrial Space
4850 Wright Road
Building Size
14,195 SF
Asset Type
Industrial
Closing
May 9, 2024
About this deal
AI
An industrial property spanning 14,195 square feet located at 4850 Wright Road in Stafford was the subject of a recent lease transaction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 4850 Wright Road
- Market: Stafford
Keith Gehbauer of Phoenix Design Group renewed the lease for the industrial space, with representation from Chase McAteer and Ryan Hartsell of Oxford Partners for the tenant side, and William Carpenter of Stream Realty Partners acting as the landlord's representative for Mapletree.
On the Map
Industrial
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Players
Stafford 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