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Wednesday, March 16, 2011

Texas Net Leased Property Lands Tenant

Texas-net-lease-properties-Industrial-Dallas

Dallas - Forth Worth, Texas - The Industrial Net Lease Properties keep hitting the news for commercial real estate investing. The latest net lease properties information involves Duke Realty Corporation. The Grand Lakes master-planned industrial park has landed a new net leased property Tenant. Duke Realty Corporation was able to sign up Keystone Automotive Industries for a portion of the Industrial Net Lease Properties in Grand Lakes.

Industrial Park For Sale

This Industrial Park is approximately 130 acres, located in the middle of Dallas and Fort Worth, Texas. The net leased property, Grand Lakes I, is approximately 755,399 square-feet of a state-of-the-art bulk warehouse facility. The Industrial net leased property is located in Grand Prairie, Texas, which is under 10 miles to the west of Dallas. Keystone Automotive Industries will have a net lease for approximately 167,999 square feet at Grand Lakes I, in the Texas industrial park. This new net lease will push the Grand Lakes industrial park to approximately 73% occupied. Keystone Automotive can keep their capital on hand rather than have to get a Commercial Loan to purchase the Texas Property.

Duke Realty Corporation is currently one of the largest commercial real estate companies in the Country. The commercial real estate firm, Duke Realty owns, manages, and develops industrial net lease properties, healthcare net lease properties, and office properties across the Country. The commercial real estate firm performs its rental operations through its subsidiary, Duke Realty Limited. The commercial real estate firm also offers services such as investment property and asset management, development, leasing and construction.

Strong Anchor Tenants

The commercial real estate firm landed a strong net lease property Tenant. Keystone Automotive offers one of the widest selections of replacement collision parts and supplies in the auto industry. This net leased property Tenant has been conducting business for over 50 years. Keystone Automotive provides an important cost-savings choice in a previously noncompetitive market, and is a heavily relied on Company for products in a slow economy. This net leased property Tenant, Keystone Automotive was purchased in 2007, by LKQ Corporation.

The Industrial Net Leased Property is at the address of 4003 Gifford Street, Grand Prairie, Texas with the zip code 75050. The Industrial net leased property opened its doors in later part of 2006. This net lease property deal will allow the Keystone Automotive to consolidate operations from two separate existing facilities in Dallas, to be at one location. This net leased property transaction provides Keystone Automotive with more square footage than the combined space of the existing locations. The net leased property Tenant, Keystone will make the move to the Texas Industrial NNN Commercial Real Estate this month.

This Texas Net Leased Property features:
• Bulk warehouse facility
• 32' clear ceiling height
• Trailer storage available
• 50' x 50' typical column spacing; 60' staging bay
• ESFR sprinkler system
• Building can be rail served by Union Pacific Railroad
• Excellent Highway access to I-30, I-35, SH 360 and Loop 12
• Triple Freeport inventory tax-exempt status; TIF District
• Tilt-up concrete exterior construction

Contact us for Net Lease Properties to purchase NNN Property or for 1031 exchange replacement property.

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