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840 North Great Southwest P...

Philadelphia Hardware Group Acquires 88,821 Square Foot Industrial Building In Arlington From CanTex Capital
SOLDIndustrial

Philadelphia Hardware Group Acquires 88,821 Square Foot Industrial Building In Arlington From CanTex Capital

840 North Great Southwest Parkway

Building Size

88,821 SF

Asset Type

Industrial

Closing

Jul 18, 2025

AI

A buyer has agreed to purchase an industrial asset located at 840 North Great Southwest Parkway in Arlington. The property encompasses 88,821 square feet.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 840 North Great Southwest Parkway
  • Market: Arlington
  • Buyer: Philadelphia Hardware Group
  • Seller: Romit Cheema - CanTex Capital
  • Buyer's Representative: Corbin Blount - Lee & Associates
  • Seller's Representatives: Harrison Putt & Corby Hodgekiss - Mercer Company

The transaction involved Philadelphia Hardware Group as the buyer, with representation provided by Corbin Blount from Lee & Associates. On the seller's side, Romit Cheema of CanTex Capital was represented by Harrison Putt and Corby Hodgekiss from Mercer Company.

Players

Corbin Blount

Lee & Associates

Broker

9 deals

Broker
Lee & Associates
Lee & AssociatesBrokerage
Romit Cheema

Romit Cheema

CanTex Capital

Seller

10 deals

Seller
CanTex Capital
CanTex CapitalSeller

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