Curtis Specialized Moving & Storage Leases 43200 Square Feet At 460 W Mockingbird Ln Dallas
460 W Mockingbird Ln, Dallas, TX, 75...
Building Size
43,200 SF
Asset Type
Retail
Closing
Nov 19, 2023
About this deal
AI
The property involved in the transaction is located at 460 W Mockingbird Ln, Dallas, TX, within the Dallas market. Curtis Specialized Moving & Storage has renewed its lease for a total of 43,200 square feet, along with leasing an additional 40,500 square feet of adjoining space at Mockingbird Place.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not Specified
- Address: 460 W Mockingbird Ln, Dallas, TX
- Square Feet: 43,200 (renewed) and 40,500 (added)
- Tenant: Curtis Specialized Moving & Storage
- Landlord: Unknown Private Equity Firm
- Tenant's Representative: David Easterling - CBRE
- Landlord's Representatives: Brock Wilson and Joe Santaularia - Bradford Commercial Real Estate Services
In this transaction, David Easterling from CBRE represented Curtis Specialized Moving & Storage, while Brock Wilson and Joe Santaularia from Bradford Commercial Real Estate Services represented the landlord, a private equity firm based in New York. The lease renewal and expansion occurred in Dallas’ South Stemmons submarket.
On the Map
Retail
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Players
Dallas Retail Market Snapshot
Boundary boundary · Retail · 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