Bassett Furniture Leases Industrial Space In Arlington
1019 Enterprise Place
Building Size
39,582 SF
Asset Type
Industrial
Closing
Aug 12, 2022
AI
The industrial property located at 1019 Enterprise Pl. in Arlington has been leased. The property spans 39,582 square feet and is owned by High Street Logistics Properties. The tenant for this lease is Bassett Furniture. The deal was facilitated by Reed Parker and Mark Graybill from Lee & Associates.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1019 Enterprise Pl., Arlington
- Market: Arlington
- Tenant: Bassett Furniture
- Landlord: High Street Logistics Properties
- Brokers: Reed Parker ([email protected]) & Mark Graybill ([email protected]) - Lee & Associates
Reed Parker and Mark Graybill from Lee & Associates facilitated the lease of the industrial property on behalf of Bassett Furniture. They represented the tenant in this transaction, ensuring a successful agreement between Bassett Furniture and High Street Logistics Properties.
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