Updated Oct 29, 2024
LEASEDIndustrial
Barry Concrete Finished Leases Industrial Space In Garland
613 Easy St, Garland, TX 75042, USA
Building Size
235,000 SF
Asset Type
Industrial
Closing
Jul 22, 2020
About this deal
AI
The industrial property located at 613 Easy Street in Garland has been leased. The property spans over 23,500 square feet and is owned by Optima Holdings.
Summary of transaction details
- Property Type: Industrial
- Tenant: Barry Concrete Finished
- Landlord: Optima Holdings
- Tenant's Representative: Tucker Cason - Mercer Company
- Landlord's Representative: Matt Spellman - TIG Real
Tucker Cason from Mercer Company represented the tenant, Barry Concrete Finished, in the leasing process. On the other hand, Matt Spellman from TIG Real acted as the landlord's representative.
Players
Garland Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Deal FAQ
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