Duke Realty Leases Industrial Property At 600 S Royal Ln In Coppell
600 S Royal Ln, Coppell, TX, 75019
Building Size
178,984 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The industrial property located at 600 S Royal Ln in Coppell, TX, 75019, known as Freeport II facility, spans across a total of 178,984 square feet. The lease agreement at this facility was secured by Duke Realty, with Premier LogiTech LLC, a provider of logistics solutions for the technology sector. The agreement includes an expansion of 110,157 square feet and an extension of the current lease for an additional 68,827 square feet within the same building.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: Duke Realty
- Tenant: Premier LogiTech LLC
- Tenant's Representative: Bill de la Chapelle (Rubicon Representation LLC)
- Landlord's Representative: Matt Hyman (Duke Realty)
- Square Feet: 178,984
- Location: Coppell, TX
Bill de la Chapelle from Rubicon Representation LLC represented Premier LogiTech LLC in the lease expansion and extension deal, while Matt Hyman served as the negotiator for Duke Realty. The strategic move to extend and expand the lease agreement signifies the commitment of both parties towards a long-term partnership in the industrial real estate market.
Players
Coppell Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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