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
Market Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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