Link Industrial Properties Leases 157979 Square Feet At 1800 Kelly Blvd Carrollton With Ken Wesson
1800 Kelly BLVD, Carrollton, TX, 75006
Building Size
157,979 SF
Asset Type
Warehouse
Closing
Nov 20, 2023
About this deal
AI
The property located at 1800 Kelly Blvd in Carrollton, TX, features a total square footage of 157,979 within an industrial lease. The overall building was constructed in 1970 and encompasses 315,000 square feet within the Carrollton market.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not disclosed
- Square Feet: 157,979
- Address: 1800 Kelly Blvd, Carrollton, TX, 75006
- Market: Carrollton
- Landlord: Link Industrial Properties
- Landlord's Representative: Ken Wesson, Lee & Associates
- Tenant: Western-BRW
- Tenant's Representative: Not disclosed
Ken Wesson and Phil Rosenfeld of Lee & Associates negotiated the lease on behalf of the landlord, Link Industrial Properties, ensuring the property was successfully leased to Western-BRW, a paper distributor, though the representative for the tenant remains undisclosed.
On the Map
Warehouse
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Players
Carrollton Warehouse Market Snapshot
Boundary boundary · Warehouse · 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