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2115 Exchange Dr, Arlington...

Global Logistic Properties Leases 55376 Square Feet At 2115 Exchange Dr To Blue Ribbon Delivery Inc
LEASEDIndustrial

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:

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

Mark Graybill

Lee & Associates

Broker

21 deals

Broker
GP
Global Logistic PropertiesLandlord

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