Sky Elements CTC Leases 12,800 SF Industrial Property In Coppell
820 West Sandy Lake Road
Building Size
12,800 SF
Asset Type
Industrial
Closing
May 10, 2024
AI
An industrial property spanning 12,800 square feet located at 820 West Sandy Lake Road in Coppell was leased in a transaction. The asset, built in 2005, was part of a deal facilitated by Holt Lunsford Commercial. The landlord, Mark Gabbay of LaSalle Investment Management, negotiated with the tenant, Sky Elements CTC, in the northern-central area of the metroplex.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Asset Type: Industrial
- Address: 820 West Sandy Lake Road
- Market: Coppell
- Landlord: Mark Gabbay - LaSalle Investment Management
- Tenant: Sky Elements CTC
- Landlord's Rep: Andrew Gilbert & Keaton Brice - Holt Lunsford Commercial
- Tenant's Rep: Kurt North - North Pointe Commercial Realty
Holt Lunsford Commercial played a key role in brokering the deal for the industrial property. Andrew Gilbert and Keaton Brice represented the landlord, LaSalle Investment Management, in the lease negotiations at 820 West Sandy Lake Road. On the other side, Kurt North from North Pointe Commercial Realty served as the tenant's representative, ensuring the smooth completion of the transaction.
Players
Coppell 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