IMPEX GLS Leases 14,969 SF Industrial Space At 800 Industrial Boulevard In Grapevine
800 Industrial Boulevard
Building Size
14,969 SF
Asset Type
Industrial
Closing
May 6, 2025
AI
The property asset involved in this lease transaction is an industrial space located at 800 Industrial Boulevard in Grapevine. The total size of the leased area is 14,969 square feet within a larger building owned by Prologis, which has a total square footage of 191,000 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 800 Industrial Boulevard
- Market: Grapevine
- Landlord: Hamid Moghadam - Prologis
- Tenant: IMPEX GLS
- Landlord's Representative: Andrew Gilbert & Keaton Brice - Holt Lunsford Commercial
- Tenant's Representative: Andrew Flores - Mercer Company
This lease transaction involves key individuals and companies, with Hamid Moghadam serving as the landlord, representing Prologis. The landlord's interests were represented by Andrew Gilbert and Keaton Brice from Holt Lunsford Commercial, while the tenant, IMPEX GLS, was represented by Andrew Flores from Mercer Company.
Players
Grapevine 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