Global Logistic Properties Leases 55376 Square Feet At 2115 Exchange Dr To Blue Ribbon Delivery Inc
2115 Exchange Dr, Arlington, TX, 76011
Building Size
55,376 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
The property involved in this lease transaction is located at 2115 Exchange Dr, Arlington, TX, 76011. It comprises a total of 55,376 square feet and is situated in the Arlington market. The tenant for this property is Blue Ribbon Delivery Inc, while the landlord is Global Logistic Properties.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 2115 Exchange Dr, Arlington, TX, 76011
- Market: Arlington
- Landlord: Global Logistic Properties
- Tenant: Blue Ribbon Delivery Inc
- Landlord's Representative: Mark Graybill-Lee & Associates, Colton Rhodes-Lee & Associates
This transaction was facilitated by the representatives of the respective parties, with Mark Graybill-Lee & Associates and Colton Rhodes-Lee & Associates representing the landlord, Global Logistic Properties, during the lease negotiations.
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