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626 106th St Arlington, TX ...

Iron Mountain Information Inc Renews 58K SF Industrial Lease In Arlington
LEASEDIndustrial

Iron Mountain Information Inc Renews 58K SF Industrial Lease In Arlington

626 106th St Arlington, TX 76011, USA

Building Size

58,016 SF

Asset Type

Industrial

Closing

Aug 31, 2023

AI

A 58,016-square-foot industrial property located at 626 106th Street in Arlington has secured a lease renewal. The property spans across 2.4 acres and is owned by an undisclosed landlord.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: N/A
  • Square Footage: 58,016
  • Address: 626 106th Street
  • Market: Arlington

The lease renewal was negotiated by the Finial Group, representing the undisclosed landlord, and Transwestern, acting as the tenant's representative. Iron Mountain Information Inc has renewed the lease for the property.

Players

Jack Gaffney

Finial Group

Broker

22 deals

Broker

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