Lapgear Signs 40018 Square Foot Industrial Lease With Link Logistics At 4100 New York Avenue Arlington
4100 New York Avenue
Building Size
40,018 SF
Asset Type
Industrial
Closing
Aug 15, 2024
AI
The property involved in this transaction is an industrial asset located at 4100 New York Avenue in Arlington. The total square footage of the property is 40,018 square feet, indicating its suitability for industrial operations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 4100 New York Avenue
- Market: Arlington
- Landlord: Link Logistics Real Estate
- Tenant: Lapgear
- Landlord's Representative: Mark Graybill & Reed Parker - Lee & Associates
- Tenant's Representative: Brian Gilchrist - CBRE
The deal was facilitated by Mark Graybill and Reed Parker from Lee & Associates, who represented the landlord Link Logistics Real Estate. Brian Gilchrist of CBRE acted as the representative for the tenant, Lapgear, successfully negotiating the lease for the specified industrial space.
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