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5051 N Sylvania Ave, Fort W...

Carrier Enterprise, LLC Leases 66,721 SF Industrial Property In Fort Worth From EastGroup Properties, L.P
LEASEDIndustrial

Carrier Enterprise, LLC Leases 66,721 SF Industrial Property In Fort Worth From EastGroup Properties, L.P

5051 N Sylvania Ave, Fort Worth, TX 76137, USA

Building Size

667,210 SF

Asset Type

Industrial

Closing

Aug 17, 2020

AI

An industrial property located at 5051 North Sylvania Avenue in Fort Worth has recently been leased. The property spans a total of 66,721 square feet, making it a substantial space for industrial operations.

Summary of transaction details:

Carrier Enterprise, LLC has secured the lease for this industrial property. Acting as the tenant's representative in this deal, CBRE facilitated the transaction on behalf of Carrier Enterprise, LLC. On the other side of the deal, EastGroup Properties, L.P served as the landlord. Stream Realty Partners, represented by Brett Carlton, Forrest Cook, and Seth Koschak, acted as the landlord's representatives in this lease agreement.

Players

Forrest Cook

Broker

8 deals

Broker
EastGroup Properties
EastGroup PropertiesLandlord

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