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3701 E Randol Mill Rd, Arli...

Updated Oct 29, 2024

Bilt advertisement
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

About this deal

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

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