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
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