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2025 Meridian Street

Precision Pulley & Idler Leases 38734 Square Feet Industrial Space At 2025 Meridian Street
LEASEDIndustrial

Precision Pulley & Idler Leases 38734 Square Feet Industrial Space At 2025 Meridian Street

2025 Meridian Street

Building Size

38,734 SF

Asset Type

Industrial

Closing

Mar 20, 2025

AI

The property asset involved in this transaction is an industrial asset located at 2025 Meridian Street in Arlington. The total square footage of the property is 38,734 square feet. The transaction was executed through a lease agreement.

Summary of transaction details:

This lease transaction involved representatives from Mercer Company and Lee & Associates, ensuring both the tenant and landlord were well-represented in the agreement. The engagement of Harrison Putt and Nick Fulton from Mercer Company facilitated the interests of Precision Pulley & Idler, while Mark Graybill and Reed Parker from Lee & Associates represented the landlord, ML Realty Partners.

Players

Reed Parker

Lee & Associates

Broker

9 deals

Broker
Ryan Hesch

Ryan Hesch

ML Realty Partners

Landlord

9 deals

Landlord

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