facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Lease

/

2501 Gravel Drive

North Texas Amusement Renews 16K SF Industrial Lease At Riverbend Business Park In Fort Worth
LEASEDIndustrial

North Texas Amusement Renews 16K SF Industrial Lease At Riverbend Business Park In Fort Worth

2501 Gravel Drive & 2519 Gravel Drive

Building Size

32,000 SF

Asset Type

Industrial

Closing

Oct 23, 2023

AI

The property involved in this transaction is a 16,000-square-foot industrial space located at 2501-2519 Gravel Drive in Fort Worth. The property is part of Riverbend Business Park, which is a 1.4 million-square-foot development in the market.

Summary of transation details

In this lease renewal transaction, North Texas Amusement, the tenant, chose to continue their lease of the 16,000-square-foot industrial space at Riverbend Business Park. The lease was negotiated by Holt Lunsford Commercial, representing the landlord, Riverbend Properties. Interestingly, in this negotiation, North Texas Amusement represented themselves, taking an active role in securing the lease agreement.

Players

George Jennings

Holt Lunsford Commercial

Broker

8 deals

Broker
RP
Riverbend PropertiesLandlord

Fort Worth Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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