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2401 East Randol Mill Road

Kinley Construction Leases Office Space At 2401 East Randol Mill Road In Arlington
LEASEDOffice

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:

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

Cole Carter

Peyco Southwest Realty

Broker

2 deals

Broker

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