Dayton Superior Corp. Renews Lease For 51,101 SF Industrial Space In Fort Worth RiverPark Business Center
15124 Grand River Road
Building Size
51,101 SF
Asset Type
Industrial
Closing
Oct 2, 2023
AI
Dayton Superior Corp. has renewed its lease for a 51,101-square-foot distribution center located at 15124 Grand River Road in Fort Worth's RiverPark Business Center. The property is an industrial asset with a long-term lease. The renewal was driven by the tight industrial vacancy in the area and the increase in market rates. This marks the company's third long-term renewal in the region.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 51,101
- Address: 15124 Grand River Road
- Market: Fort Worth
The landlord of the property is SCG River Park Business Center LP, while Dayton Superior Corp. serves as the tenant. Bradford Commercial Real Estate Services, represented by Michael Spain and Jason Finch, acted as the landlord's representatives in the lease deal. Caleb McCoy from JLL represented Dayton Superior Corp. as their tenant's representative.
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