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1051 Republic Dr, Roanoke, ...

Cummins Clean Fuel Technologies Expands Manufacturing Operations At AllianceTexas In Fort Worth
LEASEDIndustrial

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

Samuel Rhea

Hillwood

Broker

3 deals

Broker

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