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
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.
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