M2G Ventures Leases 3101 Pinewood Dr Industrial Property In Arlington
3101 Pinewood Dr, Arlington, TX, 76010
Building Size
100,130 SF
Asset Type
Industrial
Closing
Apr 15, 2022
AI
The industrial property located at 3101 Pinewood Dr, Arlington, TX, 76010, encompassing 100,130 square feet, was leased to a tech company. M2G Ventures, the landlord, facilitated the lease transaction with the assistance of Stream Realty Partners and CBRE.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: M2G Ventures
- Tenant: Unknown
- Address: 3101 Pinewood Dr, Arlington, TX, 76010
- Market: Arlington
- Square Feet: 100,130
- Landlord's Rep: Luke Davis (Stream Realty Partners)
- Tenant's Rep: CBRE
Stream Realty Partners, with Luke Davis and Mike Knudsen, represented the landlord in the negotiations. On the other side, CBRE was the tenant's representative, with Steve Koldyke and Brian Gilchrist playing key roles in the deal. The Dallas-Fort Worth industrial market experienced substantial growth in the first quarter, with a notable decrease in the overall vacancy rate.
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