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3101 Pinewood Drive, Arling...

M2G Ventures Leases 100,129 SF Industrial Space In Arlington With Tenant's Rep CBRE
LEASEDIndustrial

M2G Ventures Leases 100,129 SF Industrial Space In Arlington With Tenant's Rep CBRE

3101 Pinewood Drive, Arlington, Texas 76010, United States

Building Size

100,129 SF

Asset Type

Industrial

Closing

Apr 13, 2022

AI

The industrial property located at 3101 Pinewood Drive in Arlington has been leased in a closed transaction. The property spans across 100,129 square feet, and the lease agreement was finalized on April 14, 2022.

Summary of transation details

  • Property Type: Industrial
  • Transaction Date: April 14, 2022
  • Address: 3101 Pinewood Drive
  • Market: Arlington
  • Square Footage: 100,129

The landlord of the property is M2G Ventures, represented by Jessica Miller Essl. The tenant, on the other hand, was represented by Steve Koldyke and Brian Gilchrist from CBRE. Assisting the landlord, Mike Knudsen from Stream Realty Partners acted as the landlord's representative in the lease transaction.

Players

Brian Gilchrist

CBRE

Broker

7 deals

Broker

Jessica Miller Essl

M2G Ventures

Landlord

4 deals

Landlord

Arlington Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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