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
Fort Worth Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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