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540 South Town East Boulevard

Penguin Packaging Solutions Leases 102497 Square Feet Industrial Space In Mesquite From Leon Capital
LEASEDIndustrial

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

Adam Jones

Stream Realty Partners⁠

Broker

$33.6K

vol

9 deals

Broker

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