Montecito Medical Acquires Office Building In Arlington
612 East Lamar Boulevard, Arlington, TX 76011
Building Size
12,500 SF
Asset Type
Office
Closing
Nov 3, 2021
About this deal
AI
Montecito Medical has recently acquired an office property located at 612 E Lamar Blvd in Arlington. The property, spanning 12,500 square feet, was sold on November 3, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Market: Arlington
- Address: 612 E Lamar Blvd
- Buyer: Montecito Medical - Chip Conk & Bryan Brown
Chip Conk & Bryan Brown represented Montecito Medical as their brokers throughout the deal.
Traded’s record for 612 East Lamar Boulevard, Arlington, TX 76011 in Arlington, Texas covers a office sale from 2021. The building is 12,500 square feet, implying about 0 per square foot on the published price. This page is the Arlington, Texas file for the 612 East Lamar Boulevard, Arlington, TX 76011 office sold: pricing, party profiles, and other closed office comps from the same Arlington sit in the Market section below. Filter that Arlington office set by closing date to see what else sold near 612 East Lamar Boulevard, Arlington, TX 76011 around 2021. Cite this Montecito Medical Acquires Office Building In Arlington sale when underwriting similar office product around Arlington, Texas.
Players
Arlington Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
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