Updated Oct 29, 2024
Mastertronics Inc Leases 49072 Square Feet At Windsor At Northern Crossing Fort Worth
3001 Northern Cross BLVD, Fort Worth...
Building Size
49,072 SF
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 3001 Northern Cross Boulevard, Fort Worth, Texas. It encompasses a total area of 49,072 square feet and falls within the Fort Worth market.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not disclosed
- Landlord: Windsor at Northern Crossing
- Tenant: Mastertronics Inc
- Landlord's Representatives: Matt Carthey - Holt Lunsford Commercial, Hogan Harrison - Colliers International
- Tenant's Representative: Nick Karanges - Woodcrest Capital
The lease was secured by Mastertronics Inc., a global supplier of computers and consumer electronics. The lease negotiations were conducted by George Jennings and Hogan Harrison representing the landlord, alongside Matt Carthey from Holt Lunsford Commercial.
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