BlackRock Provides $42.5M Loan For Industrial Properties In Arlington, Texas
2821 East Randol Mill Road
$42,500,000
$72/SF
Building Size
583,000 SF
Asset Type
Industrial
Closing
Jul 2, 2020
AI
An industrial property located at 3016-3030 East Avenue E and 2821 East Randol Mill Road in Arlington, Texas has been involved in a closed transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $42,500,000
- Loan Amount: $42,500,000
- Square Footage: 583,000 SF
- Address: 3016-3030 East Avenue E, 2821 East Randol Mill Road, Arlington, Texas
- Market: Arlington, Texas
The lender for this transaction was BlackRock, represented by Larry Fink, while the landlord was Arden Group, represented by Craig A. Spencer. The deal was facilitated by brokers Nick Scribani, Christopher Kramer, Donald Pavlov, Dominick Calisto, Dustin Stolly, and Jordan Roeschlaub from Newmark.
Players
Arlington Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93