Updated Oct 29, 2024
DLK Medical Technologies Leases Industrial Space In Dallas At 5440-5450 Redbird Drive
Red Bird Center Dr, Dallas, TX 75237, USA
Building Size
19,402 SF
Asset Type
Industrial
Closing
Aug 16, 2020
About this deal
AI
DLK Medical Technologies has recently signed a lease agreement for a property located at 5440-5450 Redbird Drive in Dallas. The industrial asset spans approximately 19,402 square feet. The landlord of this property is Sealy Capital Management, while DLK Medical Technologies was represented by Thomas Clark of Thomas Clark Investments. On the other hand, Holt Lunsford represented the landlord, with Andrew Gilbert, John Gorman, and Canon Shoults serving as their representatives.
Summary of transaction details
- Property Type: Industrial
- Tenant: DLK Medical Technologies
- Landlord: Sealy Capital Management
- Tenant's Rep: Thomas Clark - Thomas Clark Investments
- Landlord's Rep: Andrew Gilbert, John Gorman, and Canon Shoults - Holt Lunsford
- Square Footage: 19,402
This lease agreement was finalized on August 17, 2020, solidifying DLK Medical Technologies' tenancy at the Redbird Drive property. The deal demonstrates the active involvement of key individuals such as Thomas Clark from Thomas Clark Investments, who represented the tenant, and Andrew Gilbert, John Gorman, and Canon Shoults from Holt Lunsford, who acted as the landlord's representatives.
Players
Dallas Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
Deal FAQ
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