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15860 Championship Pkwy For...

Chubby Gorilla Leases 54.9K SF Industrial Space At Champions Business Park Fort Worth
LEASEDIndustrial

Chubby Gorilla Leases 54.9K SF Industrial Space At Champions Business Park Fort Worth

15860 Championship Pkwy Fort Worth, TX 76177, USA

Building Size

54,915 SF

Asset Type

Industrial

Closing

Jun 30, 2023

AI

Chubby Gorilla has leased a 54,915-square-foot industrial space at Champions Business Park, located at 15860 Championship Parkway in Fort Worth. The lease transaction was facilitated by Lee & Associates, representing the landlord, Hopewell Development, and Site Selection Group, representing Chubby Gorilla.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not available
  • Market: Fort Worth
  • Address: 15860 Championship Parkway
  • Square Footage: 54,915

Reid Bassinger & Nathan Denton from Lee & Associates served as the landlord's representatives in the lease deal, while Sam Pruitt & Luke Harp from Site Selection Group represented Chubby Gorilla.

Players

Nathan Denton

Lee & Associates

Broker

14 deals

Broker
HD
Hopewell DevelopmentLandlord

Texas 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