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1501 Joel East Rd, Fort Wor...

RSI SmartCap Leases Industrial Space At 1501 Joel East Rd, Fort Worth
LEASEDIndustrial

RSI SmartCap Leases Industrial Space At 1501 Joel East Rd, Fort Worth

1501 Joel East Rd, Fort Worth, TX, 76...

Building Size

391,985 SF

Asset Type

Industrial

Closing

Nov 20, 2023

AI

The industrial property at 1501 Joel East Rd, Fort Worth, TX, 76112, known as Building F within Carter Distribution Center, spans 391,985 square feet. Situated in Fort Worth, the property boasts clear heights ranging from 32 to 36 feet, an ESFR sprinkler system, and abundant car and trailer parking spaces.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not Applicable
  • Landlord: PGIM Real Estate
  • Tenant: RSI SmartCap
  • Tenant's Representative: Grant Pruitt (Whitebox Real Estate)
  • Landlord's Representatives: Matt Carthey and Thomas Grafton (Holt Lunsford Commercial)

RSI SmartCap, a provider of stainless steel truck cap systems, has recently leased the 391,985-square-foot industrial space at Building F within Carter Distribution Center in Fort Worth. In the deal, Grant Pruitt from Whitebox Real Estate represented the tenant, while Matt Carthey and Thomas Grafton from Holt Lunsford Commercial served as the landlord's representatives from PGIM Real Estate.

Players

Matt Carthey

Holt Lunsford Commercial

Broker

27 deals

Broker
PGIM
PGIM Landlord

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