Yokohama Tire Corp Leases Industrial Property At 600 Sunridge Blvd Wilmer
Sunridge Blvd, Wilmer, TX, USA
Building Size
431,630 SF
Asset Type
Industrial
Closing
Apr 5, 2021
AI
The industrial property located at 600 Sunridge Blvd in Wilmer has recently been leased. The property spans a total of 431,630 square feet, making it a substantial asset in the industrial market.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 04/06/2021
- Address: 600 Sunridge Blvd
- Market: Wilmer
- Property Size: 431,630 square feet
The tenant for this lease is Yokohama Tire Corp, represented by Hikomitsu Noji. The landlord for the property is Duke Realty, represented by James B. Connor. The deal was facilitated by a team of brokers including Nathan Lawrence, Kacy Jones, and Krista Raymond from CBRE, along with Matt Hyman from Duke Realty.
Players
Wilmer 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