Tim Vogds Of CBRE Represents Tuesday Morning Inc In Fort Worth Industrial Lease Deal
401 Railhead Rd, Fort Worth, TX, 76106
Building Size
156,205 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
The industrial property located at 401 Railhead Rd in Fort Worth, TX, 76106 is a 156,205-square-foot space. The market value of this asset is significant, serving as a prime location for industrial activities. This property, built in 2001, is part of a larger complex totaling 305,225 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Tenant: Tuesday Morning Inc
- Tenant's Rep: Timothy (Tim) Vogds (CBRE)
- Landlord: Davoil Inc
- Landlord's Rep: Trey Fricke (Lee & Associates)
The lease negotiations for this industrial sublease were handled by Reid Bassinger and Trey Fricke of Lee & Associates, representing the sublessor, Davoil Inc. On the other side, Tim Vogds from CBRE represented the sublessee, Tuesday Morning Inc, a well-known home goods retailer based in Dallas. The involvement of these experienced professionals ensured the successful completion of this transaction.
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