Updated Oct 28, 2024
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
About this deal
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.
On the Map
Industrial
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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