Optimas Leases Entire Industrial Space At Champions Circle Business Park In Fort Worth
3450 Tx 114 Fort Worth, Tx 76177, Usa
Building Size
87,876 SF
Asset Type
Industrial
Closing
May 10, 2023
AI
Optimas, an industrial manufacturer of fasteners, has leased an 87,876-square-foot industrial space at Champions Circle Business Park in Fort Worth. The lease involves the entirety of Building 3.
Summary of transaction details:
- Property Type: MultiFamily
- Tenant: Optimas
- Address: 3450 Highway 114
- Market: Not specified
- Asking Rent: $/ft. ~ SF: Not specified
- Lease Terms: Not specified
Lee & Associates represented the landlord, Hopewell Development, in the lease negotiations. Cresa represented the tenant, Optimas.
NOTE: This transaction represents a lease deal for Optimas, an industrial manufacturer of fasteners. The company will occupy the entire Building 3, which spans 87,876 square feet. Lee & Associates acted as the landlord's representative, while Cresa represented the tenant in the negotiations.
Players
Texas 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