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555 Airline Drive, Coppell,...

Rediform Leases 555 Airline Drive In Coppell With Tenant's Rep Sean Smith, Evan Hammer, & Jade Scott - Whitebox Real Estate
LEASEDIndustrial

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:

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

Sean Smith

Whitebox Real Estate

Broker

$23M

vol

3 deals

Broker
LP
Link Industrial PropertiesLandlord

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