Amphenol Fiber Systems International Leases 94413 Square Feet In Allen TX From Stillwater Capital
Building Size
94,413 SF
Asset Type
Industrial
Closing
Aug 2, 2024
AI
The asset involved in this transaction is a 94,413-square-foot industrial building located at 121 Technology Park in Allen, TX. The property is part of the industrial market and was developed by Stillwater Capital.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Prelease
- Address: 121 Technology Park
- Market: Allen
- Landlord: Stillwater Capital
- Tenant: Amphenol Fiber Systems International (AFSI)
- Landlord's Representative: Ken Wesson - Lee & Associates
- Tenant's Representative: Mike Kay - Colliers
The deal was facilitated by Ken Wesson of Lee & Associates representing the landlord and Mike Kay of Colliers representing the tenant, Amphenol Fiber Systems International (AFSI), who will utilize this new headquarters to support their operations.
Players
Market 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