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
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