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810 West Round Grove Road, ...

Hines Leases 485,000 SF Industrial Property To Hilti North America In Lewisville
LEASEDIndustrial

Hines Leases 485,000 SF Industrial Property To Hilti North America In Lewisville

810 West Round Grove Road, Lewisville, Texas 75067, United States

Building Size

485,000 SF

Asset Type

Industrial

Closing

Feb 1, 2022

AI

The industrial property located at 810 Round Grove Road in Lewisville has been leased in a closed transaction. The property spans approximately 485,000 square feet and falls under the asset type of Industrial.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Date: 02/02/2022
  • Address: 810 Round Grove Road, Lewisville
  • Market: Lewisville
  • Square Footage: 485,000

Hines, the landlord, has leased the property to Hilti North America. The landlord's representatives in this transaction were Bob Hagewood and Jeremy Kelly from Stream Realty Partners. On the other hand, David Eseke and Trish Pappas from Cushman & Wakefield represented the tenant, Hilti North America.

Players

Jeremy Kelly

Stream Realty Partners⁠

Broker

13 deals

Broker
Hines
HinesLandlord

Lewisville 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