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Aaron’s Leases 170,509 Square Feet Industrial Space In Benbrook Represented By Cushman & Wakefield
LEASEDIndustrial

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:

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

Steve Koldyke

CBRE

Broker

8 deals

Broker

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