Updated Dec 4, 2024
Restoration 1 Leases 10,060 SF Industrial Building In Fort Worth
13019 Harmon Road
Building Size
10,060 SF
Asset Type
Industrial
Closing
Apr 8, 2024
About this deal
AI
The industrial property located at 13019 Harmon Road in Fort Worth is a 10,060-square-foot building within the Harmon Industrial Condos. The space features heavy power, high ceilings, and full air conditioning, making it ideal for the needs of Restoration 1 of North Fort Worth, led by tenant Gary Findley.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 13019 Harmon Road
- Market: Fort Worth
- Landlord: Harmon Condos LLC
- Tenant: Gary Findley - Restoration 1
Richard Hitz of Bradford Commercial Real Estate Services played a crucial role in facilitating the deal, ensuring that the customized building at 13019 Harmon Rd met Restoration 1's specific requirements. Jen Martin from Harmon Condos LLC represented the landlord in securing a long-term lease agreement.
On the Map
Industrial
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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