Updated Oct 29, 2024
Quorum International Leases 305K SF Industrial Space In Fort Worth
401 Railhead Road, Fort Worth, TX, USA
Building Size
305,255 SF
Asset Type
Industrial
Closing
Jan 26, 2021
About this deal
AI
The industrial property located at 401 Railhead Road in Fort Worth has recently been leased. The property spans across 305,255 square feet of space and sits on a 12-acre lot. The tenant, Quorum International, has signed a lease agreement with the landlord, Sun Life Assurance. The deal was facilitated by Nick Talley from Bradford Commercial Real Estate Services.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not available
- Address: 401 Railhead Road
- Market: Fort Worth
- Square Footage: 305,255
- Acres: 12
The lease agreement between Quorum International and Sun Life Assurance was finalized with the assistance of Nick Talley from Bradford Commercial Real Estate Services.
On the Map
Industrial
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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