Updated Oct 28, 2024
Wood Distribution Solutions Leases 707,940 SF Industrial Space In Fort Worth
11501 North Freeway, Fort Worth, TX, USA
Building Size
707,940 SF
Asset Type
Industrial
Closing
Aug 11, 2021
About this deal
AI
The Industrial property located at 11501 North Freeway in Fort Worth has been leased. The property spans an area of 707,940 square feet, making it a significant space for industrial activities. The lease transaction took place on August 12, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not available
- Address: 11501 North Freeway, Fort Worth
- Market: Fort Worth
- Tenant: Wood Distribution Solutions - Bill Woods
- Landlord: Ironwood Realty Partners - Bob Rice, & TCRG Properties LLC
The tenant, Wood Distribution Solutions, represented by Bill Woods, entered into the lease agreement for this industrial property. On the other side, Ironwood Realty Partners and TCRG Properties LLC, led by Bob Rice, acted as the landlords in this transaction.
Players
Fort Worth Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Deal FAQ
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