Updated Sep 14, 2026
Provident Realty Sells A20 Logistics Center In Arlington, Texas For Institutional Buyer
4601 Dr. Martin Luther King Drive
Building Size
161,408 SF
Asset Type
Industrial
Closing
Sep 9, 2026
About this deal
AI
The industrial asset involved in this transaction is the A20 Logistics Center, located at 4601 Dr. Martin Luther King Drive in Arlington, Texas. This property encompasses a total square footage of 161,408 and was sold by Provident Realty. It was noted that the facility was approximately half leased to Fasteners Inc., also known as Professional Contractor Supply, at the time of sale, further indicating its operational status within the market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 4601 Dr. Martin Luther King Drive
- Market: Arlington, TX
- Asset Size: 161,408 SF
- Seller: Leon Backes - Provident Realty
- Broker: Newmark
The deal was brokered by Newmark Capital Markets, which facilitated the transition to an institutional buyer following the property's completion in January 2026. The involvement of Leon Backes from Provident Realty reflects his role as the seller's representative during this transaction.
Players
Waupaca 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