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Roanoke, Texas, United States

Cummins Clean Fuel Technologies Leases 160,000 SF Industrial Facility In Roanoke, TX
LEASEDIndustrial

Cummins Clean Fuel Technologies Leases 160,000 SF Industrial Facility In Roanoke, TX

Roanoke, Texas, United States

Building Size

160,000 SF

Asset Type

Industrial

Closing

May 3, 2023

AI

Cummins Clean Fuel Technologies, a company specializing in alternative fuel technology, will fully occupy a 160,000-square-foot industrial facility in Roanoke, Texas. The facility is located within the 27,000-acre AllianceTexas development and is owned by Hillwood. The property is situated approximately 18 miles northwest of the Dallas-Fort Worth International Airport.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not available
  • Address: About 18 miles northwest of the Dallas-Fort Worth International Airport
  • Market: Roanoke
  • Size: 160,000 square feet

Cummins Clean Fuel Technologies will occupy the industrial facility to manufacture natural gas fuel. The deal was facilitated by JLL's representatives, Michael Haggar and John Worthen, who represented the tenant. Samuel Rhea and Reid Goetz, representing Hillwood, acted as the landlord's representatives in this transaction.

Players

Samuel Rhea

Hillwood

Broker

3 deals

Broker
H
HillwoodLandlord

Roanoke 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