Postal Realty Trust Acquires Special Purpose Property In Arlington From Mark Cummings
300 East South Street, Arlington, Texas 76010, United States
Building Size
23,847 SF
Asset Type
—
Closing
Jun 20, 2022
About this deal
AI
Postal Realty Trust, Inc. (NYSE: PSTL) has completed the acquisition of a special purpose property located at 300 E South St in Arlington. The property spans an area of 23,847 square feet and was sold by Mark Cummings.
Summary of transation details
- Property Type: Special Purpose
- Transaction Amount: Not specified
- Address: 300 E South St, Arlington
- Market: Arlington
Rafi Harel and Jason Sakeni from Postal Realty Trust represented the buyer in the transaction. Postal Realty Trust is a unique publicly traded real estate investment trust (REIT) specializing in properties leased to the United States Postal Service. Their diverse portfolio consists of over 1,500 properties, ranging from local post offices to large mail processing facilities.
For any inquiries related to postal properties or if you have any questions, feel free to contact:
Rafi Harel
Email: [email protected]
Phone: 646.933.3270
Jason Sakeni
Email: [email protected]
Phone: 646.757.8288
Players
Arlington CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
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