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2550 Mc Millan Pkwy, Fort W...

Updated Oct 29, 2024

Goodness Outreach Depot Leases 25,000 SF Industrial Space At 2550 McMillian Parkway In Fort Worth With Stream Realty Partners
LEASEDIndustrial

Goodness Outreach Depot Leases 25,000 SF Industrial Space At 2550 McMillian Parkway In Fort Worth With Stream Realty Partners

2550 Mc Millan Pkwy, Fort Worth, Tx 76137, Usa

Building Size

250,000 SF

Asset Type

Industrial

Closing

Jun 1, 2020

About this deal

AI

The industrial property located at 2550 McMillian Parkway in Fort Worth, within the High Crest market, has recently been leased. The tenant for this space is Goodness Outreach Depot. The lease transaction was facilitated by Stream Realty Partners, with Forrest Cook acting as their representative. The total size of the leased area is 25,000 square feet.

Summary of transaction details

  • Property Type: Industrial
  • Tenant: Goodness Outreach Depot
  • Broker: Stream Realty Partners - Forrest Cook
  • Address: 2550 McMillian Parkway, Fort Worth
  • Market: High Crest
  • Square Feet: 25,000

This lease transaction highlights the successful collaboration between Stream Realty Partners and Goodness Outreach Depot. The involvement of Forrest Cook as Stream Realty Partners' representative demonstrates his expertise in facilitating industrial property deals within the Fort Worth area.

Players

Fort Worth Industrial Market Snapshot

Boundary boundary · Industrial · 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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