Marco Co. Signs Lease For 308,777 SF Industrial Space In Fort Worth With Landlord Blackstone
1000 Terminal Road, Fort Worth, TX, USA
Building Size
308,777 SF
Asset Type
Industrial
Closing
Apr 26, 2021
AI
An industrial property located at 1000 Terminal Road in Fort Worth has been leased. The property spans across 308,777 square feet and sits on 25.9 acres of land.
Summary of transaction details:
- Property Type: Industrial
- Tenant: Marco Co.
- Landlord: Blackstone - Stephen A. Schwarzman
- Tenant's Representative: Becky Thompson - Lee & Associates
- Landlord's Representative: George Curry - JLL
- Date: 04/27/2021
Becky Thompson from Lee & Associates represented Marco Co. as the tenant's representative in the lease transaction. George Curry from JLL represented the landlord, Blackstone - Stephen A. Schwarzman.
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