Rediform Leases 555 Airline Drive In Coppell With Tenant's Rep Sean Smith, Evan Hammer, & Jade Scott - Whitebox Real Estate
555 Airline Drive, Coppell, TX, USA
Building Size
100,808 SF
Asset Type
Industrial
Closing
Feb 28, 2021
AI
Located at 555 Airline Drive in Coppell, this industrial property spans 100,808 square feet. The transaction, which took place on March 1, 2021, involved a lease agreement.
Summary of transaction details:
- Property Type: Industrial
- Tenant: Rediform
- Landlord: Link Industrial Properties
- Tenant's Representative: Sean Smith, Evan Hammer, & Jade Scott - Whitebox Real Estate
- Landlord's Representative: Rebel Blackwell
The leasing deal was facilitated by Whitebox Real Estate, with Sean Smith, Evan Hammer, and Jade Scott representing Rediform, the tenant. On the landlord's side, Rebel Blackwell acted as the representative for Link Industrial Properties.
Players
Coppell 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