Matt Montague Of JLL Represents Tenant In Lease At 301 Commerce St Fort Worth
301 Commerce St, Fort Worth, TX, 76...
Building Size
—
Asset Type
—
Closing
Nov 20, 2023
AI
The lease transaction involves the property located at 301 Commerce St, Fort Worth, TX, within the Fort Worth market. The tenant is moving into a new space at City Center Fort Worth, which is recognized as a significant business hub in downtown. The property characteristics include a Class A building offering higher quality space and onsite amenities.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 301 Commerce St, Fort Worth, TX, 76102
- Tenant: Apex Capital Corp
- Landlord: City Center Fort Worth
- Market: Fort Worth
- Tenant's Representative: Matt Montague (JLL)
The deal was facilitated by Matt Montague and Pat McDowell from JLL, representing Apex Capital in lease negotiations. This marks a significant move for Apex Capital, which has a long-standing history in Fort Worth since 1995 and is well-regarded for its company culture and client service excellence.
Players
Fort Worth CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
Loading comparables…
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