Kinley Construction Leases Office Space At 2401 East Randol Mill Road In Arlington
2401 East Randol Mill Road
$26
$26/SF
Building Size
23,066 SF
Asset Type
Office
Closing
Dec 20, 2024
AI
The property asset involved in this transaction is an office building located at 2401 East Randol Mill Road in Arlington. The asset encompasses a total area of 23,066 square feet and is associated with Pinnacle Bank, who acts as the landlord in this lease agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2401 East Randol Mill Road
- Market: Arlington
- RSF: 23,066
- Landlord: Pinnacle Bank
- Tenant: Kinley Construction
- Landlord's Representative: Kolby Dickerson & Sam Davis - TXRE Properties
- Tenant's Representative: Cole Carter - Peyco Southwest Realty Inc.
- Lease Type: Other
This lease transaction involves key representatives, including Kolby Dickerson and Sam Davis from TXRE Properties representing the landlord, Pinnacle Bank, while Cole Carter of Peyco Southwest Realty Inc. represents the tenant, Kinley Construction. The agreement finalized on 12/20/2024, highlights the collaboration between these entities in securing the lease for the office space.
Players
Arlington Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
610115.38%
Cash-on-Cash
-174372.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93