Updated Dec 4, 2024
George Jennings & William Wilson Represent Patriot Erectors In Lease At 2410 Gravel Drive
2410 Gravel Drive
Building Size
12,000 SF
Asset Type
Industrial
Closing
Apr 12, 2024
About this deal
AI
The industrial property located at 2410 Gravel Drive in Fort Worth, spanning 12,000 square feet, was part of a recent lease transaction between the landlord, Riverbend Properties, and the tenant, Patriot Erectors.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not applicable
- Address: 2410 Gravel Drive
- Market: Fort Worth
- Asset Type: Industrial
- Square Footage: 12,000
- Landlord: Riverbend Properties
- Tenant: Patriot Erectors
- Brokers: George Jennings & William Wilson - Holt Lunsford Commercial
George Jennings and William Wilson of Holt Lunsford Commercial represented both parties in the lease deal, showcasing their expertise in facilitating the agreement between Riverbend Properties and Patriot Erectors.
On the Map
Industrial
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Players
Fort Worth 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