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1019 Enterprise PLC, Arling...

Bassett Furniture Leases 38582 SF Industrial Space On 1019 Enterprise PLC, Arlington
LEASEDIndustrial

Bassett Furniture Leases 38582 SF Industrial Space On 1019 Enterprise PLC, Arlington

1019 Enterprise PLC, Arlington, TX, 7...

Building Size

38,582 SF

Asset Type

Industrial

Closing

Nov 20, 2023

AI

The industrial property located at 1019 Enterprise Place in Arlington, TX, spanning 38,582 square feet, was leased out to Bassett Furniture. The landlord, High Street Logistics Properties, secured this deal with Bassett Furniture, a Virginia-based manufacturer and retailer. The lease negotiations were facilitated by Mark Graybill of Lee & Associates on behalf of the landlord.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Landlord's Representative: Mark Graybill (Lee & Associates)
  • Tenant: Bassett Furniture
  • Square Feet: 38,582

Reed Parker, also from Lee & Associates, represented Bassett Furniture in the lease agreement. The successful leasing of the industrial space at 1019 Enterprise Place in Arlington signifies a mutually beneficial transaction for both parties involved in the deal.

Players

Mark Graybill

Lee & Associates

Broker

21 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