David Stechly Represents Tenant In Lease Of 269388 Square Feet At 4100 Fleetwood Rd Fort Worth
4100 Fleetwood Rd, Fort Worth, TX, 7...
Building Size
269,388 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 4100 Fleetwood Rd, Fort Worth, TX. It is managed by ML Realty Partners and encompasses a total of 269,388 square feet. The property is situated in the Fort Worth market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 4100 Fleetwood Rd, Fort Worth, TX
- Market: Fort Worth
- Tenant: Amcor Rigid Plastics USA
- Landlord: ML Realty Partners
- Tenant's Representative: David Stechly
- Other Representative: Greg Kloiber
Amcor Rigid Plastics USA has extended its lease at the premises. Matthew Smith, serving as Vice President at ML Realty, mentioned the advantages of the building's central location within the Metroplex for the tenant's operations. Both David Stechly and Greg Kloiber of Campio played pivotal roles in representing Amcor in 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