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
- Property Type: Industrial
- Transaction Amount: Not specified
- Property Size: 12,600 square feet
- Address: 5131 Sharp Street, Dallas
- Market: Dallas
- Landlord: Romit Cheema - CanTex Capital
- Tenant: Brandon McMahan - McMahan's Flooring Inc
- Landlord's Representative: Turner Peterson - Mercer Company
- Tenant's Representative: Graham Dressel & Hanes Chatham - Partners Real Estate
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
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