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2101 Terminal Rd Fort Worth...

Lee & Associates Brokers 41.8K SF Industrial Lease For Echo Fibers In Fort Worth
LEASEDIndustrial

Lee & Associates Brokers 41.8K SF Industrial Lease For Echo Fibers In Fort Worth

2101 Terminal Rd Fort Worth, TX 76106, USA

Building Size

41,832 SF

Asset Type

Industrial

Closing

May 4, 2023

AI

A 41,832-square-foot industrial lease has been brokered by Lee & Associates for recycling and waste management firm Echo Fibers. The lease was signed for a property located at 2101 Terminal Road in Fort Worth. The property, which sits on a 10-acre site and was built in 1957, offers 20-foot clear heights and 140 car parking spaces.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: N/A
  • Address: 2101 Terminal Road, Fort Worth

Corbin Blount and Adam Graham represented Echo Fibers in the leasing deal, while Britton New represented the landlord, GT Industrial Properties.

Note: Lee & Associates facilitated the leasing transaction internally.

Players

Adam Graham

Lee & Associates

Broker

24 deals

Broker

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