Updated Oct 29, 2024
IDC Logistics Leases Industrial Asset In Fort Worth From JLL Income Property Trust
2773 Texas Highway 114
Building Size
350,000 SF
Asset Type
Industrial
Closing
May 22, 2022
About this deal
AI
An industrial property located at 2773 State Hwy 114 in Fort Worth has recently been leased. The property spans approximately 350,000 square feet and is owned by JLL Income Property Trust. The lease transaction took place on May 22, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 05/22/2021
- Address: 2773 State Hwy 114, Fort Worth
- Square Footage: 350,000
- Tenant: iDC Logistics - Elton Chung
- Landlord: JLL Income Property Trust
The leasing deal was facilitated by Elton Chung, representing iDC Logistics. The landlord, JLL Income Property Trust, secured the agreement with the tenant.
Players
Fort Worth Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Deal FAQ
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