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
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