Millennium Package Leases 21,840 SF Industrial Space In Dallas To HPA Real Estate
4940 Merrifield Rd, Dallas, TX 75236, USA
Building Size
218,400 SF
Asset Type
Industrial
Closing
Aug 26, 2020
AI
The industrial property located at 4940 North Merrifield Road in Dallas has recently been leased. The property, measuring 21,840 square feet, was leased to Millennium Package. The landlord for this transaction is HPA Real Estate. The leasing deal was facilitated by Jason Finch and Michael W. Spain, representing Bradford Commercial Real Estate Services.
Summary of transaction details
- Property Type: Industrial
- Tenant: Millennium Package
- Landlord: HPA Real Estate
- Brokers: Jason Finch & Michael W. Spain – Bradford Commercial Real Estate Services
- Square Footage: 21,840
The leasing transaction for the industrial property located at 4940 North Merrifield Road in Dallas was successfully carried out. Jason Finch and Michael W. Spain from Bradford Commercial Real Estate Services played a key role in representing both the tenant, Millennium Package, and the landlord, HPA Real Estate, in this deal.
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