Aaron’s Leases 170,509 Square Feet Industrial Space In Benbrook Represented By Cushman & Wakefield
Building Size
170,509 SF
Asset Type
Industrial
Closing
Dec 16, 2024
AI
The industrial property located at I-20 & Winscott Road in the Benbrook market encompasses a substantial area of 170,509 square feet. The asset is situated in a strategic location suitable for industrial operations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Landlord: Michele Wheeler - Jackson-Shaw
- Tenant: Douglas A. Lindsay - Aaron’s
- Landlord's Representative: Brian Gilcrest, Kacy Jones & Steve Koldyke - CBRE
- Tenant's Representative: Andrew DeLamielleure & David Eseke - Cushman & Wakefield
Aaron’s has signed a lease for the 170,509-square-foot industrial space, marking their expansion from Grand Prairie to Chisholm 20. CBRE represented the landlord in this lease transaction, while Cushman & Wakefield represented the tenant, Aaron’s.
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