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3000 E Pioneer Pkwy, Arling...

Elliott Electric Supply Leases 54,600 SF Industrial Space In Arlington
LEASEDIndustrial

Elliott Electric Supply Leases 54,600 SF Industrial Space In Arlington

3000 E Pioneer Pkwy, Arlington, TX 76010, USA

Building Size

54,600 SF

Asset Type

Industrial

Closing

Sep 9, 2020

AI

Located at 3000 East Pioneer Parkway in Arlington, this industrial property encompasses a total of 54,600 square feet. The transaction involved a lease agreement between the highly recognized tenant, Elliott Electric Supply, and the landlord, Black Creek Group. NAI Robert Lynn represented the tenant in this deal, while Matt Dornak and Luke Davis from Stream Realty Partners served as the landlord's representatives.

Summary of Transaction Details

  • Property Type: Industrial
  • Tenant: Elliott Electric Supply
  • Landlord: Black Creek Group
  • Tenant's Representative: NAI Robert Lynn
  • Landlord's Representatives: Matt Dornak & Luke Davis – Stream Realty Partners
  • Square Footage: 54,600

The involvement of NAI Robert Lynn and Stream Realty Partners demonstrates the contribution of well-established brokerage firms in facilitating this lease transaction. This deal showcases the vibrant commercial real estate market in Arlington.

Players

Matt Dornak

Stream Realty Partners⁠

Broker

15 deals

Broker
Black Creek Group
Black Creek GroupLandlord

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