BFS Services Inc Leases 126100 Square Feet At 500 Enterprise Dr Flower Mound Texas
500 Enterprise Dr, Flower Mound, TX...
Building Size
126,100 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property involved in this transaction is an industrial space located at 500 Enterprise Dr, Flower Mound, TX. The facility comprises 126,100 square feet within a larger building of 462,200 square feet, established in 2003, situated in the Flower Mound market.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not specified
- Square Feet: 126,100
- Address: 500 Enterprise Dr, Flower Mound, TX
- Landlord: Clarion Partners
- Landlord's Representative: Jeremy Kelly - Stream Realty Partners
- Tenant: BFS Services Inc
- Tenant's Representative: Reed Parker of Lee & Associates
The negotiation was primarily facilitated by Reed Parker representing BFS Services Inc., a transportation and logistics firm, while the landlord was represented by Sarah Ozanne and Jeremy Kelly from Stream Realty Partners, acting on behalf of New York-based Clarion Partners.
Players
Flower Mound 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