Panamint Holdings LLC Acquires 18000 SF Industrial Property From CanTex800 LLC In Arlington
800 North Great Southwest Parkway
Building Size
18,000 SF
Asset Type
Industrial
Closing
Sep 3, 2024
AI
The property asset involved in the transaction is an industrial property located at 800-810 North Great Southwest Parkway in Arlington. It encompasses a total square footage of 18,000 and sits on 1.07 acres within Arlington's Great Southwest Industrial District.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: All-cash deal
- Buyer: Panamint Holdings LLC
- Seller: CanTex800 LLC
- Brokers: Chris Wong, Jason Finch & Michael W. Spain - Bradford Commercial Real Estate Services
This transaction was notable for its quick closure, completed in under 30 days, reflecting Panamint's decisive bidding approach. The deal illustrates the value-add potential of the property, highlighted by upcoming lease rollovers, indicating future prospects for the new owner.
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