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5131 Sharp Street

Partners Real Estate Secures Industrial Lease For McMahan's Flooring Inc. In Dallas
LEASEDIndustrial

Partners Real Estate Secures Industrial Lease For McMahan's Flooring Inc. In Dallas

5131 Sharp Street

Building Size

12,600 SF

Asset Type

Industrial

Closing

Feb 5, 2024

AI

An industrial property located at 5131 Sharp Street in Dallas has been leased. The property spans 12,600 square feet and is owned by Romit Cheema of CanTex Capital. The tenant for this lease is McMahan's Flooring Inc., represented by Brandon McMahan. Partners Real Estate, represented by Hanes Chatham Jr. and Graham Dressel, acted as the tenant's representative. The landlord was represented by Turner Peterson of Mercer Company.

Summary of transaction details

Partners Real Estate, with representatives Hanes Chatham Jr. and Graham Dressel, successfully secured a 12,600-square-foot industrial lease for McMahan's Flooring Inc. at 5131 Sharp Street in Dallas. Turner Peterson from Mercer Company represented the landlord, CanTex Capital.

Players

Hanes Chatham

Partners Real Estate

Broker

5 deals

Broker

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