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5200 E Grand Ave, Dallas, T...

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
LEASEDIndustrial

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

Josh Barnes

Holt Lunsford Commercial

Broker

11 deals

Broker
FE
Frontier EquityLandlord

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