Updated Dec 21, 2023
Thirty-One Gifts Leases 651,518 SF Industrial Space In Flower Mound
951 Garden Ridge Pkwy, Flower Mound, TX, USA
Building Size
651,518 SF
Asset Type
Industrial
Closing
Apr 8, 2021
About this deal
AI
An industrial property located at 951 Garden Ridge Parkway in Flower Mound, Texas has recently been leased. The property spans a total of 651,518 square feet and is owned by undisclosed parties. The lease was finalized on April 9, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: April 9, 2021
- Address: 951 Garden Ridge Parkway, Flower Mound, Texas
- Tenant: Thirty-One Gifts - Cindy Monroe
The tenant of this industrial property is Thirty-One Gifts, represented by Cindy Monroe. No further details about the terms of the lease or the parties involved have been disclosed.
Players
Flower Mound 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