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820 West Sandy Lake Road

Sky Elements CTC Leases 12,800 SF Industrial Property In Coppell
LEASEDIndustrial

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:

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

Andrew Gilbert

Holt Lunsford Commercial

Broker

14 deals

Broker

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