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3701 E Randol Mill Rd, Arli...

Betters Trucks Last Mile, LLC Leases 40,000 SF Office Space In Arlington
LEASEDOffice

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

Mandy Lewandowski

CORFAC International

Broker

3 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93