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Sunridge Blvd, Wilmer, TX, USA

Yokohama Tire Corp Leases Industrial Property At 600 Sunridge Blvd Wilmer
LEASEDIndustrial

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

Krista Raymond

KBC Advisors

Broker

6 deals

Broker

James Connor

Duke Realty

Landlord

$22M

vol

2 deals

Landlord

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