Updated Nov 28, 2024
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
About this deal
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.
On the Map
Industrial
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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