Updated May 20, 2025
ProSource Industries Secures 104830 Sq Ft Industrial Lease From Leon Capital In Grand Prairie
602 Fountain Parkway
Building Size
104,830 SF
Asset Type
Industrial
Closing
May 5, 2025
About this deal
AI
The property involved in this transaction is an industrial asset located at 602 Fountain Parkway, Grand Prairie, featuring a total square footage of 104,830 square feet. The landlord of this property is Leon Capital, while ProSource Industries has secured a lease agreement for the entire space.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 602 Fountain Parkway
- Market: Grand Prairie
- Landlord: Fernando De Leon - Leon Capital
- Tenant: Tim Hissam - ProSource Industries
- Landlord's Representative: Stream Realty Partners
- Tenant's Representative: Langston Sutcliffe - Partners Real Estate
In this lease transaction, ProSource Industries was represented by Langston Sutcliffe from Partners Real Estate, while the landlord, Leon Capital, was represented by Stream Realty Partners, facilitating the agreement between the two parties.
Players
Grand Prairie 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