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2130 French Settlement Rd, ...

Exegistics Government Solutions Leases 59517 Square Feet At 2130 French Settlement Rd In Dallas
LEASEDWarehouse

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

Jade Scott

Broker

2 deals

Broker
Whitebox Real Estate
Whitebox Real EstateBrokerage

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