Updated Dec 4, 2024
Xpress Foods Leases 19,791 SF Industrial Space In Dallas With Landlord's Reps From Stonelake Capital Partners And Tenant's Rep From Lee & Associates
5145 Norwood Road
Building Size
19,791 SF
Asset Type
Industrial
Closing
Nov 6, 2023
About this deal
AI
The industrial property located at 5145 Norwood Road in Dallas has been leased. The property spans across 19,791 square feet, making it a suitable space for industrial operations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Date: 11/06/2023
- Address: 5145 Norwood Road, Dallas
- Market: Dallas
- Square Footage: 19,791
The landlord in this transaction is Stonelake Capital Partners, represented by Kenneth E. Aboussie, Jr. On the other hand, Xpress Foods is the tenant. Matthew Johnson and Stephen Williamson, from Lee & Associates, served as the landlord's representatives. Ally Tanghongs, also from Lee & Associates, acted as the tenant's representative during the leasing process.
On the Map
Industrial
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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