Zuri Furniture Signs Lease For Industrial Space In Dallas
601 Tittle Drive, Lewisville, Texas 75056, United States
Building Size
270,686 SF
Asset Type
Industrial
Closing
Jan 4, 2022
AI
A lease transaction has recently taken place in Dallas, involving an industrial property located at 601 Tittle Drive. The property spans a total area of 270,686 square feet and is owned by Billingsley Co. The tenant for this lease is Zuri Furniture, a company that specializes in providing furniture solutions. The lease agreement was facilitated by Chad Albert from NAI Robert Lynn, who represented Zuri Furniture, and George Billingsley, the representative for Billingsley Co.
Summary of transaction details:
- Property Type: Industrial
- Transaction Date: 01/04/2022
- Address: 601 Tittle Drive, Dallas
- Market: Dallas
- Square Footage: 270,686
- Landlord: Billingsley Co.
- Tenant: Zuri Furniture
- Landlord's Representative: George Billingsley
- Tenant's Representative: Chad Albert - NAI Robert Lynn
Chad Albert from NAI Robert Lynn played a crucial role in representing Zuri Furniture during the lease negotiation process, ensuring that their interests were well-represented. George Billingsley, on the other hand, served as the representative for Billingsley Co., the landlord in this transaction.
Players
Lewisville 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