Bassett Furniture Leases Industrial Space In Arlington To High Street Logistics Properties
1019 Enterprise Place, Arlington, Texas 76001, United States
Building Size
39,582 SF
Asset Type
Industrial
Closing
Aug 14, 2022
AI
High Street Logistics Properties has leased an industrial property located at 1019 Enterprise Place in Arlington. The property spans approximately 39,582 square feet.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Not mentioned
- Address: 1019 Enterprise Place
- Market: Arlington
- Tenant: Bassett Furniture
- Landlord: High Street Logistics Properties
Mark Graybill from Lee & Associates represented the landlord, High Street Logistics Properties, in the lease deal. Reed Parker, also from Lee & Associates, acted as the tenant representative for Bassett Furniture.
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