Riad Tile Leases 49,000 SF Industrial Property On E. Grand Ave In Dallas With Landlord's Rep Holt Lunsford Commercial And Tenant's Rep Cresa
5200 E Grand Ave, Dallas, Texas 75223, United States
Building Size
49,000 SF
Asset Type
Industrial
Closing
Aug 3, 2022
AI
The industrial property located at 5200 E. Grand Ave in Dallas has been leased. The property spans approximately 49,000 square feet and is owned by Frontier Equity. The tenant for this lease is Riad Tile. The leasing transaction was facilitated by Josh Barnes and Canon Shoults from Holt Lunsford Commercial, representing the landlord, and Alex Coe from Cresa, representing the tenant.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 08/04/2022
- Address: 5200 E. Grand Ave, Dallas
- Market: Dallas
- Square Footage: 49,000
Josh Barnes and Canon Shoults from Holt Lunsford Commercial represented Frontier Equity, the landlord, in this lease transaction. Meanwhile, Alex Coe from Cresa acted as the tenant's representative for Riad Tile.
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