Prestige Autotech Leases 49,280 SF Industrial Space In Arlington
2001 Exchange Drive, Arlington, Texas 76011, United States
Building Size
49,280 SF
Asset Type
Industrial
Closing
Aug 9, 2022
AI
Located in Arlington, the industrial property at 2001-2023 Exchange Drive has recently been leased. Spanning 49,280 square feet, this spacious facility is suitable for various industrial purposes. The lease agreement was finalized on August 10, 2022.
Summary of Transaction Details
- Property Type: Industrial
- Lease Date: 08/10/2022
- Address: 2001-2023 Exchange Drive, Arlington
- Size: 49,280 square feet
Link Logistics Real Estate, the landlord, has leased the property to Prestige Autotech. Representing the landlord in this deal are Reed Parker and Mark Graybill from Lee & Associates. On the other hand, Greg Nelson and Jimmy Holcomb from Paladin Partners serve as the tenant's representatives. With this transaction, both parties have successfully navigated the lease agreement for the industrial property.
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