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2001 Exchange Drive, Arling...

Prestige Autotech Leases 49,280 SF Industrial Space In Arlington
LEASEDIndustrial

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

Reed Parker

Lee & Associates

Broker

9 deals

Broker
Link Logistics Real Estate
Link Logistics Real EstateLandlord

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