Updated Oct 29, 2024
EMLS Inc. Leases 398K SF Industrial Space In Denton
900 S Western Blvd, Denton, TX, USA
Building Size
398,442 SF
Asset Type
Industrial
Closing
Feb 9, 2021
About this deal
AI
An industrial property located at 900 South Western Blvd in Denton has been leased. The property spans 398,442 square feet and is owned by Scannell Properties, represented by Robert Scannell and Doug Snyder, as well as Ironwood Realty Partners, represented by Bob Rice. The lease transaction was finalized on February 10, 2021.
Summary of transation details
- Property Type: Industrial
- Transaction Date: 02/10/2021
- Address: 900 South Western Blvd, Denton
- Square Footage: 398,442
EMLS Inc. is the tenant who secured the lease for the industrial property. The landlords, Scannell Properties and Ironwood Realty Partners, were represented by Robert Scannell, Doug Snyder, and Bob Rice respectively.
Players
Denton Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Deal FAQ
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