Updated Dec 4, 2024
Lee & Associates Brokers 56.9K SF Industrial Lease At 614-616 111th St. In Arlington
614 111th Street
Building Size
56,960 SF
Asset Type
Industrial
Closing
Dec 19, 2023
About this deal
AI
A 56,960 sq ft industrial lease was brokered in Arlington by Lee & Associates. The property, located at 614-616 111th Street and built in 1978, was leased by the tenant. The tenant was represented by Robert Miller of Lee & Associates, while Colton Rhodes of Stonelake Capital Partners represented the landlord, Stonelake Capital Partners.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 614-616 111th Street
- Market: Arlington
- Size: 56,960 sq ft
The lease deal involved two key individuals and companies. Robert Miller from Lee & Associates represented the tenant, negotiating the lease agreement. On the other side, Colton Rhodes from Stonelake Capital Partners served as the landlord's representative, facilitating the deal.
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