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3051 Northern Cross Boulevard

Updated May 22, 2025

NuEnergy Storage Technologies Leases 27000 SF Industrial Space From GID In Fort Worth
LEASEDIndustrial

NuEnergy Storage Technologies Leases 27000 SF Industrial Space From GID In Fort Worth

3051 Northern Cross Boulevard

Building Size

27,000 SF

Asset Type

Industrial

Closing

May 1, 2025

About this deal

AI

The industrial property located at 3051 Northern Cross Boulevard in Fort Worth features a total area of 27,000 square feet. This asset is situated in a market that supports industrial operations, making it a suitable location for such uses. The property is under lease to a tenant that specializes in energy storage technologies.

Summary of transaction details:

Matt Carthey represented the landlords, Gardner Wallace and Gregory S. Bates, in this transaction, while the tenant, Hunter Vielock of NuEnergy Storage Technologies, was represented by Jeff Jackson of NAI Robert Lynn. This collaboration facilitates the industrial lease within the Fort Worth area, catering to specific operational needs.

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Industrial

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Players

Matt Carthey

Holt Lunsford Commercial

Broker

28 deals

Broker
G
GIDLandlord

Gregory S. Bates

GID

Landlord

$340.5M

vol

3 deals

Landlord
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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

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