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301 Commerce St, Fort Worth...

Matt Montague Of JLL Represents Tenant In Lease At 301 Commerce St Fort Worth
LEASED

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

Matt Montague

JLL

Broker

2 deals

Broker

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