Tricon Precast Leases Industrial Space In Dallas From HLC Investments
5200 E Grand Ave, Dallas, TX, 75223
Building Size
98,259 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
An industrial property located at 5200 E Grand Ave in Dallas, TX, 75223, has been leased by Tricon Precast for 98,259 square feet. The property boasts 19-foot clear heights and provides 200 parking spaces.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Applicable
- Tenant: Tricon Precast
- Landlord: HLC Investments
- Square Feet: 98,259
- Tenant's Rep: Matthew Perry-Miller (Laughlin Commercial Realty Group)
- Landlord's Rep: Josh Barnes and Canon Shoults (Holt Lunsford Commercial)
Josh Barnes and Canon Shoults of Holt Lunsford Commercial facilitated the lease on behalf of the landlord, HLC Investments, while Tricon Precast was represented by Matthew Perry-Miller from Laughlin Commercial Realty Group. The transaction underscores the collaborative efforts between the tenant and the landlord to secure a suitable industrial space in Dallas.
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