Mooring Signs 62,391 Square Foot Industrial Lease In Benbrook With CBRE And Stream Realty Partners
7650 Winbrook Drive
Building Size
62,391 SF
Asset Type
Industrial
Closing
Dec 13, 2024
AI
The property involved in this transaction is an industrial asset located at 7650 Winbrook Drive in Benbrook. The total square footage of the leased space is 62,391, accommodating the tenant's operational needs. This lease signifies Mooring's relocation and expansion from Grand Prairie, allowing them to optimize their business operations in a larger area.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 7650 Winbrook Drive
- Market: Benbrook
- Tenant: Mooring
- Landlord's Representative: Brian Gilcrest, Kacy Jones & Steve Koldyke - CBRE
- Tenant's Representative: Charles Brewer & Jeff Rein - Stream Realty Partners
- Lease Start Date: Early 2025
The leasing agreement was facilitated through the collaborative efforts of CBRE and Stream Realty Partners, showcasing the expertise of the representatives involved in the transaction. Brian Gilcrest, Kacy Jones, and Steve Koldyke represent the landlord, while Charles Brewer and Jeff Rein represent the tenant. This transaction indicates a strategic move for Mooring to enhance its operational footprint.
Players
Benbrook 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