Neveon USA Leases Industrial Space At 2501 Gravel Dr, Fort Worth
2501 Gravel Dr, Fort Worth, TX, 76118
Building Size
50,000 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The industrial property located at 2501 Gravel Dr in Fort Worth, TX, 76118, has been leased by Neveon USA. The 50,000-square-foot space is situated in Riverbend Business Park, which comprises 32 buildings totaling approximately 1.4 million square feet.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not Applicable
- Tenant: Neveon USA
- Landlord: Riverbend Properties
- Square Feet: 50,000
- Tenant's Rep: Louis Pascuzzi (Newmark)
- Landlord's Rep: William Wilson and George Jennings (Holt Lunsford Commercial)
Louis Pascuzzi of Newmark represented the tenant, Neveon USA, in the industrial lease agreement at Riverbend Business Park. On the landlord side, the negotiations were handled by William Wilson and George Jennings of Holt Lunsford Commercial, who represented Riverbend Properties in the transaction.
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