SPM Oil & Gas Leases 168017 Square Feet At 4675 Railhead Rd Fort Worth With James Campbell Company
4675 Railhead Rd, Fort Worth, TX, 76...
Building Size
168,017 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 4675 Railhead Rd, Fort Worth, TX. It is part of the Railhead Industrial Park, encompassing a total area of 168,017 square feet. The market for this asset is Fort Worth, Texas, and it is situated within a 633-acre development positioned at the corner of Northeast Loop 820 and Blue Mound Road on the north side of the city.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not disclosed
- Tenant: SPM Oil & Gas
- Landlord: James Campbell Company
- Tenant's Representative: George Curry-JLL
- Landlord's Representative: Matt Carthey-Holt Lunsford Commercial
The negotiation process for the lease renewal was facilitated by George Curry, representing the tenant, SPM Oil & Gas, and Matt Carthey representing the landlord, James Campbell Company. This lease underscores the continued presence of SPM Oil & Gas within the Railhead Industrial Park, enhancing the occupant’s footprint in the Fort Worth area.
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