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2821 East Randol Mill Road

BlackRock Provides $42.5M Loan For Industrial Properties In Arlington, Texas
FINANCEDIndustrial

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

Dustin Stolly

Walker & Dunlop

Broker

$49.4B

vol

267 deals

Broker
Arden Group
Arden GroupLender
BlackRock
BlackRockLender

Craig A. Spencer

Arden Group

Landlord

$1.5B

vol

10 deals

Landlord

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