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1501 Joel East Road, Fort W...

RSI SmartCap Leases Industrial Space In Fort Worth's 1501 Joel East Road From PGIM Real Estate. Matt Carthey, Thomas Grafton, And Grant Pruitt Represent The Parties
LEASEDIndustrial

RSI SmartCap Leases Industrial Space In Fort Worth's 1501 Joel East Road From PGIM Real Estate. Matt Carthey, Thomas Grafton, And Grant Pruitt Represent The Parties

1501 Joel East Road, Fort Worth, TX 76140

Building Size

391,985 SF

Asset Type

Industrial

Closing

Dec 8, 2021

AI

An industrial property located at 1501 Joel East Road in Fort Worth has been leased. The property spans a total area of 391,985 square feet and is owned by PGIM Real Estate. The tenant for this lease is RSI SmartCap.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not available
  • Market: Fort Worth
  • Address: 1501 Joel East Road
  • Square Footage: 391,985

Matt Carthey and Thomas Grafton from Holt Lunsford Commercial represented the landlord, PGIM Real Estate, in this lease transaction. Grant Pruitt from Whitebox Real Estate served as the tenant's representative, negotiating on behalf of RSI SmartCap.

Players

Matt Carthey

Holt Lunsford Commercial

Broker

27 deals

Broker
PGIM
PGIM Lender
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