Updated Oct 29, 2024
Parker-Hannifin Leases Industrial Property In Mesquite - 144,750 SF
510 S Peachtree Rd, Mesquite, TX 75149, USA
Building Size
144,750 SF
Asset Type
Industrial
Closing
Aug 26, 2020
About this deal
AI
The industrial property located at 510 Peachtree Road in Mesquite has been leased in a closed transaction. The property spans across 144,750 square feet.
Summary of transaction details:
- Property Type: Industrial
- Tenant: Parker-Hannifin Corporation
- Landlord: LIT Finance II
- Tenant’s Rep: Cushman & Wakefield
- Landlord’s Rep: Matt Dornak & Adam Jones – Stream Realty Partners
- Date: 08/27/2020
- Market: Mesquite
The lease deal was facilitated by Cushman & Wakefield on behalf of the tenant, Parker-Hannifin Corporation. Representing the landlord, LIT Finance II, were Matt Dornak and Adam Jones from Stream Realty Partners.
Players
Mesquite Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Deal FAQ
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