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
Roanoke 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