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
LEASED
Texas
See Similar DealsIndustrial49,000 SF
Leased 08/04/2022
LEASED
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
See Similar DealsIndustrial49,000 SF
Leased 08/04/2022
Summary
TEXAS
Asset Type:Industrial
Total Square Footage:49,000 SF
Transaction Type:Lease
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
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,808,650.43
Total Lease Value
$28,086,504.31
Net Landlord Cash Flow$2,808,650.43
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