Betters Trucks Last Mile, LLC Leases 40,000 SF Office Space In Arlington
3701 E Randol Mill Rd, Arlington, TX...
Building Size
40,000 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The office property located at 3701 E Randol Mill Rd in Arlington, TX, consists of a 40,000 square foot space in the Dallas’s Great Southwest industrial submarket. The building features 3,186 square feet of office space, 28-foot clear height ceilings, and a 200-foot shared truck court, providing convenient access to major highways such as I-30, SH-360, and TX-161.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Disclosed
- Tenant: Betters Trucks Last Mile, LLC
- Tenant's Rep: Mandy Lewandowski (CORFAC International)
- Landlord: Unknown
- Square Feet: 40,000
In the leasing deal, third party logistics provider Betters Trucks Last Mile, LLC was represented by Mandy Lewandowski from CORFAC International. The tenant, Betters Trucks, is a growing trucking company headquartered in Chicago, with a focus on expanding its last mile delivery services across the United States. For the Arlington lease, Mandy Lewandowski collaborated with Bradford Commercial Real Estate/CORFAC International’s Joe Santaularia to secure the ideal space for Betters Trucks. Cushman & Wakefield's David Eseke and Clay Balch acted as representatives for the building owner, Prologis.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93