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:
- Property Type: Industrial
- Tenant: Carrier Enterprise, LLC
- Landlord: EastGroup Properties, L.P
- Tenant's Representative: CBRE
- Landlord's Representative: Brett Carlton, Forrest Cook & Seth Koschak - Stream Realty Partners
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
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