Updated Feb 7, 2025
UMC Energy Solutions Leases 25898 Square Feet At Sylvania Industrial Park With Landlord CanTex Capital
3201 North Sylvania Avenue
Building Size
25,898 SF
Asset Type
Industrial
Closing
Feb 6, 2025
About this deal
AI
The asset involved in this lease transaction is an industrial property located at 3201 North Sylvania Avenue in Fort Worth. The property spans a total area of 25,898 square feet and is part of a 64-acre rail-served development known as Sylvania Industrial Park.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 3201 North Sylvania Avenue
- Market: Fort Worth
- Landlord: Romit Cheema - CanTex Capital
- Tenant: Thomas Gentry - UMC Energy Solutions
- Landlord's Representative: Todd Hubbard - NAI Robert Lynn
- Tenant's Representatives: Carter Sells, Trey Goodspeed & Vic Meyer - Holt Lunsford Commercial
This lease was facilitated by prominent industry professionals. UMC Energy Solutions secured the lease with representation from Carter Sells, Trey Goodspeed, and Vic Meyer of Holt Lunsford Commercial, while Todd Hubbard of NAI Robert Lynn acted on behalf of the landlord, CanTex Capital.
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