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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 2025 Meridian Street
- Market: Arlington
- Tenant: Precision Pulley & Idler
- Landlord: ML Realty Partners
- Tenant's Representative: Harrison Putt (Mercer Company), Nick Fulton (Mercer Company)
- Landlord's Representative: Mark Graybill (Lee & Associates), Reed Parker (Lee & Associates)
- Date of Transaction: 03/20/2025
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
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