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7602 Merritt Road

SAF Holland Group Leases 255,672 SF Industrial Building In Rowlett With Colliers Reps
LEASEDIndustrial

SAF Holland Group Leases 255,672 SF Industrial Building In Rowlett With Colliers Reps

7602 Merritt Road

Building Size

255,672 SF

Asset Type

Industrial

Closing

May 8, 2024

AI

The industrial building located at 7602 Merritt Road in Rowlett, within the Lakeview Business District development by Jackson-Shaw, spans 255,672 square feet. The property was leased to The SAF Holland Group, with the entirety of Building 6 being occupied by the tenant. The lease was facilitated by Colliers International brokers Ben Wallace and Brad Balke.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Landlord: Michele Wheeler - Jackson-Shaw
  • Tenant: Alexander Geis - The SAF Holland Group
  • Brokers: Ben Wallace & Brad Balke - Colliers International

The SAF Holland Group preleased the industrial building as part of the first phase of the Lakeview Business Center, scheduled for completion by March 2025. This transaction highlights the collaboration between Jackson-Shaw, the landlord, and The SAF Holland Group, the tenant, with Colliers International brokers Ben Wallace and Brad Balke facilitating the lease agreement.

Players

Brad Balke

KBC Advisors

Broker

5 deals

Broker

Rowlett 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