Saddle Creek Logistics Leases Industrial Space In Fort Worth From FW I-35 Logistics 1 LLC
11900 South Freeway, Fort Worth, TX, USA
Building Size
861,840 SF
Asset Type
Industrial
Closing
Nov 24, 2021
AI
Summary of transation details
- Property Type: Industrial
- Transaction Amount: N/A
- Address: 11900 S. Freeway Service Road, Fort Worth
- Market: Fort Worth
- Square Footage: 861,840 SF
The property involved in this transaction is an industrial asset located at 11900 S. Freeway Service Road in Fort Worth. It spans a total of 861,840 square feet. The transaction amount is not specified in the available information.
The landlord for this property is FW I-35 Logistics 1 LLC. The tenant in this transaction is Saddle Creek Logistics. CBRE represented the landlord, FW I-35 Logistics 1 LLC. Gary Lindsey and Ladson Montgomery, from Newmark, served as the tenant's representatives.
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