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2030 East Arbrook Boulevard

Lee & Associates Facilitates 26,082 SF Industrial Lease In Arlington For EastGroup Properties Inc And US Elogistics Service Corp
LEASEDIndustrial

Lee & Associates Facilitates 26,082 SF Industrial Lease In Arlington For EastGroup Properties Inc And US Elogistics Service Corp

Building Size

26,082 SF

Asset Type

Industrial

Closing

Oct 10, 2023

AI

Lee & Associates facilitated a 26,082-square-foot industrial lease in Arlington. The property, located at 2030 East Arbrook Boulevard, is owned by EastGroup Properties Inc and represented by Donald F. Colleran. The tenant, US Elogistics Service Corp, was represented by Nick Wu. The transaction took place on October 10, 2023. The property is classified as an industrial asset and is situated in the Arlington market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not applicable
  • Square Footage: 26,082
  • Address: 2030 East Arbrook Boulevard
  • Market: Arlington
  • Landlord: EastGroup Properties Inc - Donald F. Colleran
  • Tenant: US Elogistics Service Corp - Nick Wu

The lease deal was brokered by Reid Bassinger and Michael Lee from Lee & Associates. Mark Graybill also represented the landlord, EastGroup Properties Inc. The details of the transaction were not provided.

Players

Mark Graybill

Lee & Associates

Broker

21 deals

Broker
Donald F. Colleran

Donald F. Colleran

EastGroup Properties

Landlord

4 deals

Landlord

Market 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