Navis Pack And Ship Leases 7,320 SF Industrial Space In Dallas With Tenant's Rep Ryan Lents & Matt Spellman - TIG Real Estate And Landlord's Rep Gil Stroube - Lincoln Properties
9210 Sovereign Row, Dallas, TX 75247, Estados Unidos
Building Size
73,200 SF
Asset Type
Industrial
Closing
Sep 23, 2020
AI
The industrial property located at 9210 Sovereign Row in Dallas has recently been leased. The property, measuring 7,320 square feet, was leased by Navis Pack and Ship. The landlord in this transaction is Terra Management, while the tenant was represented by Ryan Lents and Matt Spellman from TIG Real Estate. On the other hand, Gil Stroube from Lincoln Properties acted as the landlord's representative.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Tenant: Navis Pack and Ship
- Landlord: Terra Management
- Square Footage: 7,320
- Tenant's Rep: Ryan Lents & Matt Spellman - TIG Real Estate
- Landlord's Rep: Gil Stroube - Lincoln Properties
The deal showcases the collaboration between Navis Pack and Ship as the tenant and Terra Management as the landlord. Ryan Lents and Matt Spellman from TIG Real Estate represented Navis Pack and Ship throughout the leasing process, ensuring that their interests were protected. On the other side, Gil Stroube, a representative from Lincoln Properties, advocated for the landlord's rights and provided pertinent guidance during the negotiations.
Players
Dallas 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