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460 W Mockingbird Ln, Dalla...

Curtis Specialized Moving & Storage Leases 43200 Square Feet At 460 W Mockingbird Ln Dallas
LEASEDRetail

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

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.

Players

Brock Wilson

Bradford Commercial Real Estate Services

Broker

2 deals

Broker
CS
Curtis Specialized Moving & StorageTenant

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