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
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