facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Lease

/

9210 Sovereign Row, Dallas,...

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
LEASEDIndustrial

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

Ryan Lents

Broker

4 deals

Broker

Dallas Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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