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Red Bird Center Dr, Dallas,...

Updated Oct 29, 2024

DLK Medical Technologies Leases Industrial Space In Dallas At 5440-5450 Redbird Drive
LEASEDIndustrial

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

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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

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