Bendetti Acquires Two Fully Leased Industrial Properties In Arlington From CanTex Capital
1114 West Harris Road
Building Size
114,390 SF
Asset Type
Industrial
Closing
Dec 9, 2024
AI
The transaction involved two fully leased industrial properties located at 1173 109th Street and 1114-1118 West Harris Road in Arlington. These properties have a total square footage of 114,390, comprising 35,000 square feet at the first address and 79,390 square feet across two buildings at the second address, which additionally includes 1,400 square feet of office space.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 1173 109th Street & 1114-1118 West Harris Road
- Market: Arlington
- Buyer: Robert D. Bendetti & Aaron Weaver
- Seller: Romit Cheema
- Seller's Agency: CanTex Capital
- Broker: Stephen Bailey
- Broker's Agency: Newmark
Robert D. Bendetti and Aaron Weaver, acting under the entity Bendetti, acquired the properties from Romit Cheema, who represented CanTex Capital as the seller. Stephen Bailey from Newmark represented the seller in this off-market deal.
Players
Arlington Industrial Market Snapshot
Boundary boundary · Industrial · Sale 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