Granite Empire Leases Industrial Space In Brookhollow, Dallas
634 West Mockingbird Lane, Dallas, Texas 75247, United States
Building Size
16,800 SF
Asset Type
Industrial
Closing
Jun 5, 2022
AI
The industrial property located at 634 W Mockingbird Ln in Brookhollow, Dallas has been leased. The property spans an area of 16,800 square feet and is owned by Stonelake Capital Partners. The tenant, Granite Empire, has entered into the lease agreement.
Summary of transation details
- Property Type: Industrial
- Transaction Date: 06/06/2022
- Address: 634 W Mockingbird Ln, Brookhollow, Dallas
- Square Footage: 16,800
The lease transaction was facilitated by brokers Keaton Duhon and David Guinn of Davidson Bogel. The DB2RE Industrial team, represented by Keaton Duhon and David Guinn, provided comprehensive real estate expertise and in-depth knowledge of the industrial market. Through their customized solutions, they were able to address the specific needs of Granite Empire, ultimately making the deal successful.
The Industrial Division of DB2RE specializes in serving clients in manufacturing, warehousing, distribution, and research and development. They have a competitive edge due to their extensive experience and innovative approach, generating powerful solutions that cater to diverse demands in the industrial real estate market.
Players
Dallas 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