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
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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 3051 Northern Cross Boulevard
- Market: Fort Worth
- Size: 27,000 SF
- Landlord: Gardner Wallace & Gregory S. Bates - GID
- Tenant: Hunter Vielock - NuEnergy Storage Technologies
- Landlord's Representative: Matt Carthey - Holt Lunsford Commercial
- Tenant's Representative: Jeff Jackson - NAI Robert Lynn
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.
Players
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