Cummins Clean Fuel Technologies Expands Manufacturing Operations At AllianceTexas In Fort Worth
1051 Republic Dr, Roanoke, Tx 76262
Building Size
160,000 SF
Asset Type
Industrial
Closing
May 11, 2023
AI
Cummins Clean Fuel Technologies is expanding its manufacturing operations at AllianceTexas in Fort Worth, increasing its footprint to about 160,000 square feet. The provider of natural gas delivery systems is leasing the industrial property at Roanoke. JLL represented Cummins in the lease negotiations, while Hillwood represented itself as the landlord.
Summary of transaction details
- Property Type: Industrial
- Tenant: Cummins Clean Fuel Technologies
- Landlord: Hillwood
- Location: Roanoke
- Lease Size: 160,000 square feet
Cummins Clean Fuel Technologies, a provider of natural gas delivery systems, is expanding its manufacturing operations at AllianceTexas, a master-planned community in Fort Worth, increasing its footprint to about 160,000 square feet. JLL represented Cummins, while Hillwood was represented internally in the lease negotiations.
Players
Texas 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