Basis Industrial Acquires Industrial Property At 1202 East Arapaho Road From Blackstone And Link Logistics
1202 East Arapaho Road
Building Size
519,476 SF
Asset Type
Industrial
Closing
Apr 30, 2025
AI
The property involved in the transaction is located at 1202 East Arapaho Road in Richardson, TX. This industrial asset contributed to a significant real estate exchange, involving parties with notable representation. Details regarding additional property addresses are also included, enhancing the information regarding the asset's scope.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Buyer: Basis Industrial
- Seller: Stephen A. Schwarzman - Blackstone & Luke Petherbridge - Link Logistics Real Estate
- Buyer's Representative: Anthony Scavo - Basis Industrial
- Seller's Representative: Stephen Bailey - Newmark
The transaction saw Anthony Scavo representing the buyer, Basis Industrial, while Stephen Bailey acted on behalf of the sellers, Stephen A. Schwarzman and Luke Petherbridge. Various property addresses are noted under the umbrella of this transaction, indicating a broader strategy encompassing multiple locations in the area.
Players
Richardson 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