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11501 North Freeway, Fort W...

Updated Oct 28, 2024

Wood Distribution Solutions Leases 707,940 SF Industrial Space In Fort Worth
LEASEDIndustrial

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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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

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