Henry Schein Inc Leases Industrial Space In Arlington's Randol Mill Rd With Tenant's Rep Michael W. Spain
2440 East Randol Mill Road, Arlington, Texas 76011, United States
Building Size
12,488 SF
Asset Type
Industrial
Closing
Dec 12, 2022
AI
An industrial property located at 2440 E. Randol Mill Rd in Arlington has been leased. The property encompasses 12,488 square feet of space. The lease was finalized on 12/12/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 12/12/2022
- Address: 2440 E. Randol Mill Rd, Arlington
- Size: 12,488 square feet
- Market: Arlington
The landlord for this property is PHP RMSC Venture LP, and the tenant is Henry Schein Inc. The landlord was represented by Patrick Reis of Property Advisers Realty, while the tenant was represented by Michael W. Spain of Bradford Commercial Real Estate Services.
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