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
About this deal
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
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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