facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Industrial

/

Lease

/

15124 Grand River Road

Dayton Superior Corp. Renews Lease For 51,101 SF Industrial Space In Fort Worth RiverPark Business Center
LEASEDIndustrial

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

Michael Spain

Bradford Commercial Real Estate Services

Broker

9 deals

Broker
SL
SCG River Park Business Center LPLandlord

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