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1202 East Arapaho Road

Basis Industrial Acquires Industrial Property At 1202 East Arapaho Road From Blackstone And Link Logistics
SOLDIndustrial

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

Anthony Scavo

Basis Industrial

Broker

$1.3B

vol

44 deals

Broker
Newmark
NewmarkBrokerage
Basis Industrial
Basis IndustrialBuyer

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