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2019 Meridian Street

Centurion Service Group Leases 33,239 SF Industrial Space In Arlington At 2019-2025 Meridian St
LEASEDIndustrial

Centurion Service Group Leases 33,239 SF Industrial Space In Arlington At 2019-2025 Meridian St

2019 Meridian Street & 2025 Meridian Street

Building Size

66,478 SF

Asset Type

Industrial

Closing

Nov 29, 2023

AI

The industrial property located at 2019-2025 Meridian Street in Arlington has been leased. The property spans a total of 33,239 square feet and features a clear height of 22 feet and 13 exterior dock doors. Situated on 3.4 acres of land, the property was built in 1980.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not available
  • Address: 2019-2025 Meridian Street, Arlington
  • Market: Arlington
  • Square footage: 33,239

The landlord of the property is ML Realty Partners and they were represented by Ryan Hesch. The tenant, Centurion Service Group, was represented by Ross Ettin. Mark Graybill and Reed Parker of Lee & Associates acted as the landlord's representatives, while Adam Curran from Cushman & Wakefield served as the tenant's representative during the lease transaction.

Note: Lee & Associates successfully arranged the lease for the industrial property located at 2019-2025 Meridian St. in Arlington. Mark Graybill and Reed Parker from Lee & Associates represented the landlord, ML Realty Partners, while Adam Curran of Cushman & Wakefield represented the tenant, Centurion Service Group.

Players

Adam Curran

Holt Lunsford Commercial

Broker

5 deals

Broker
Ryan Hesch

Ryan Hesch

ML Realty Partners

Landlord

9 deals

Landlord

Arlington Industrial Market Snapshot

Boundary boundary · Industrial · 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