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1019 Enterprise Place, Arli...

Bassett Furniture Leases Industrial Space In Arlington To High Street Logistics Properties
LEASEDIndustrial

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

Reed Parker

Lee & Associates

Broker

9 deals

Broker
HP
High Street Logistics PropertiesLandlord
BF
Bassett FurnitureTenant

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