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5200 E Grand Ave, Dallas, T...

Updated Oct 29, 2024

Tricon Precast Leases Industrial Space In Dallas From HLC Investments
LEASEDIndustrial

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

About this deal

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.

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Players

Matthew Perry-Miller

Laughlin Commercial Realty Group

Broker

2 deals

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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

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