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1019 Enterprise Place

Bassett Furniture Leases Industrial Space In Arlington
LEASEDIndustrial

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

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

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