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
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