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4601 Dr. Martin Luther King...

Updated Sep 14, 2026

Provident Realty Sells A20 Logistics Center In Arlington, Texas For Institutional Buyer
SOLDIndustrial

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

Newmark
NewmarkBrokerage

Leon Backes

Provident Realty Advisors

Seller

$32M

vol

8 deals

Seller
Bilt advertisement

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

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