LEASEDIndustrial
Prologis Leases Industrial Property In Dallas To Florida Tile With Brokers Lee & Associates
9755 Clifford Drive
Building Size
14,903 SF
Asset Type
Industrial
Closing
Nov 3, 2023
AI
A 14,903 square foot industrial property located at 9755 Clifford Drive in Dallas has been leased. The property is owned by Prologis, represented by Hamid Moghadam, and the tenant is Florida Tile, represented by Michael Franceschelli.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not available
The deal was facilitated by brokers Adam Graham and Stephen Williamson from Lee & Associates.
Players
Clifford 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