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
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