Updated Nov 28, 2024
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
About this deal
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.
On the Map
Industrial
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Players
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