Levi Benkert Of Harbor Capital Acquires Shoreline Business Park In Arlington For Industrial Use
911 West Mayfield Road & 923 West Mayfield Road
Building Size
190,008 SF
Asset Type
Industrial
Closing
Aug 19, 2025
AI
Harbor Capital has acquired Shoreline Business Park, a fully leased industrial asset located at 911-923 West Mayfield Road, Arlington, TX. The property encompasses 190,008 square feet and was purchased at a discount to replacement cost in a tight industrial market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 190,008
- Address: 911-923 West Mayfield Road
- Market: Arlington
- Buyer: Levi Benkert - Harbor Capital
- Broker: Stream Realty Partners
The firm intends to implement targeted upgrades aimed at enhancing tenant retention and facilitating rent growth, with S2 Industrial Property Management assigned to manage the asset.
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