Updated Dec 4, 2024
Ambiance Textiles Renews Lease At 200 North Vacek St. In Fort Worth
200 North Vacek Street
Building Size
14,775 SF
Asset Type
Industrial
Closing
Feb 15, 2024
About this deal
AI
Ambiance Textiles has renewed its lease for a 14,775-square-foot industrial flex building located at 200 North Vacek Street in Fort Worth. The building, originally constructed in 1950, provides a suitable space for the textile company to operate its business.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 02/15/2024
- Address: 200 North Vacek Street, Fort Worth
- Square Footage: 14,775
Holt Lunsford Commercial, represented by brokers David Cason and Jake Neal, facilitated the lease renewal for Ambiance Textiles. The negotiation process was successful in securing the tenant's continued presence in the industrial flex building. Unfortunately, the identity of the landlord remains undisclosed.
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Industrial
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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