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7601 Ambassador Row Dallas,...

Hobi International Renews Industrial Lease At 7601 Ambassador Row In Dallas
LEASEDIndustrial

Hobi International Renews Industrial Lease At 7601 Ambassador Row In Dallas

7601 Ambassador Row Dallas, TX 75247, USA

Building Size

98,489 SF

Asset Type

Industrial

Closing

Jul 24, 2023

AI

Hobi International has renewed its industrial lease for 98,489 square feet at 7601 Ambassador Row in northwest Dallas. The property, managed by ML Realty Partners, offers a substantial space for Hobi International's operations in the industrial sector.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not mentioned
  • Square Footage: 98,489
  • Address: 7601 Ambassador Row
  • Market: Dallas

This lease renewal deal highlights the collaboration between ML Realty Partners and Hobi International. ML Realty Partners, as the property's landlord, has successfully maintained a long-term relationship with Hobi International through this lease renewal. Sam Abusaad represents ML Realty Partners as the landlord's representative, while Craig Jones of JLL serves as Hobi International's representative in this transaction.

Players

Craig Jones

Sotheby's International Realty

Broker

$420M

vol

4 deals

Broker
ML Realty Partners
ML Realty PartnersLandlord

Texas Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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