Conti LLC Renews 12,292 SF Industrial Lease At 902 Fountain Parkway
902 Fountain Parkway
Building Size
12,292 SF
Asset Type
Industrial
Closing
May 9, 2024
AI
The industrial property located at 902 Fountain Parkway in Grand Prairie spans 12,292 square feet. The lease renewal involved the landlord, Craig A. Spencer of Arden Group, and the tenant, Conti LLC.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 902 Fountain Parkway, Grand Prairie
- Landlord: Craig A. Spencer - Arden Group
- Tenant: Conti LLC
- Brokers: Canon Shoults & Maddy Coffman - Holt Lunsford Commercial
Holt Lunsford Commercial, through Canon Shoults, Maddy Coffman, and Walker Floyd, represented the landlord, Arden Group, in the renewal negotiations. The tenant, Conti LLC, was represented by an undisclosed party in the transaction.
Players
Grand Prairie 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