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2400 E Randol Mill Rd, Arli...

Henry Schein Renews 12,488 SF Industrial Lease In Arlington At Randol Mill Service Center
LEASEDIndustrial

Henry Schein Renews 12,488 SF Industrial Lease In Arlington At Randol Mill Service Center

2400 E Randol Mill Rd, Arlington, TX...

Building Size

12,488 SF

Asset Type

Industrial

Closing

Nov 22, 2023

AI

The industrial flex property involved in the lease renewal is located at 2400 E Randol Mill Rd in Arlington, TX. The property, known as Randol Mill Service Center, spans 96,124 square feet and serves as the location for the 12,488-square-foot lease signed by dental supply company Henry Schein Inc.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 2400 E Randol Mill Rd, Arlington, TX
  • Market: Arlington
  • Landlord: PHP RMSC Venture LP
  • Square Feet: 12,488
  • Tenant: Henry Schein Inc
  • Tenant's Representative: Michael Spain (Bradford Commercial Real Estate Services)
  • Landlord's Representative: Patrick Reis (Property Advisers Realty)

In the lease negotiations for the industrial property in Arlington, Patrick Reis of Property Advisers Realty represented the landlord, PHP RMSC Venture LP. On the other side of the deal, Henry Schein Inc. was represented by Michael Spain of Bradford Commercial Real Estate Services. These individuals played key roles in facilitating the lease renewal for the property.

Players

Patrick Reis

Property Advisers Realty

Broker

2 deals

Broker
PL
PHP RMSC Venture LPLandlord

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