Penguin Packaging Solutions Leases 102497 Square Feet Industrial Space In Mesquite From Leon Capital
540 South Town East Boulevard
Building Size
102,497 SF
Asset Type
Industrial
Closing
Dec 10, 2024
AI
The transaction involves an industrial asset located at 540 South Town East Boulevard in Mesquite. The leased space comprises 102,497 square feet. The landlord for this property is Leon Capital, represented by Adam Jones and James Mantzuranis of Stream Realty Partners.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 102,497
- Address: 540 South Town East Boulevard
- Market: Mesquite
- Landlord: Fernando De Leon
- Tenant: Penguin Packaging Solutions
- Landlord's Rep: Adam Jones & James Mantzuranis - Stream Realty Partners
- Tenant's Rep: Chase Miller - NAI Robert Lynn
Penguin Packaging Solutions is the tenant in this lease agreement. The deal features key representatives including Chase Miller from NAI Robert Lynn, acting on behalf of the tenant, while the landlord is represented by Adam Jones and James Mantzuranis from Stream Realty Partners, facilitating the lease transaction.
Players
Mesquite 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