Exegistics Government Solutions Leases 59517 Square Feet At 2130 French Settlement Rd In Dallas
2130 French Settlement Rd, Dallas, T...
Building Size
59,517 SF
Asset Type
Warehouse
Closing
Nov 19, 2023
AI
Exegistics Government Solutions has signed a lease renewal for an industrial property, encompassing 59,517 square feet at Turnpike Distribution Center 4, located at 2130 French Settlement Road in the Dallas market. The property itself spans a total of 312,188 square feet on a site of 11.5 acres.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not disclosed
- Address: 2130 French Settlement Rd, Dallas
- Tenant: Exegistics Government Solutions
- Tenant's Representative: Jade Scott
- Landlord: Unknown
- Landlord's Representative: Carter Crow - Younger Partners
- Square Feet: 59,517
- Market: Dallas
Sean Smith and Jade Scott of Whitebox Real Estate represented Exegistics Government Solutions during the lease negotiation process, while Carter Crow of Younger Partners acted on behalf of the undisclosed landlord in this transaction.
Players
Dallas 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