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CHEP USA Renews 155,200 SF Industrial Lease In Fort Worth With Landlord Brian Kingston - Brookfield Properties
LEASED
Texas
See Similar DealsIndustrial155,200 SF
Leased 02/02/2024
LEASED
CHEP USA Renews 155,200 SF Industrial Lease In Fort Worth With Landlord Brian Kingston - Brookfield Properties
5301 Alliance Gateway Freeway
See Similar DealsIndustrial155,200 SF
Leased 02/02/2024
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:155,200 SF
Transaction Type:Lease
The industrial property located at 5301 Alliance Gateway Freeway in Fort Worth has been leased by CHEP USA. The lease covers a total area of 155,200 square feet and spans 11.4 acres. The facility offers 26-foot clear heights, truck court depths ranging from 122 to 125 feet, and parking spaces for 102 cars and 93 trailers.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not applicable
- Address: 5301 Alliance Gateway Freeway, Fort Worth
- Market: Fort Worth
- Landlord: Brian Kingston - Brookfield Properties
- Tenant: CHEP USA
- Landlord's Rep: Canon Shoults & Maddy Canty - Holt Lunsford Commercial
- Tenant's Rep: Greg Lance - Cushman & Wakefield
The leasing process was facilitated by Canon Shoults and Maddy Canty of Holt Lunsford Commercial, representing the landlord, Brookfield Properties. Greg Lance of Cushman & Wakefield acted as the tenant's representative throughout the transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$8,895,970.35
Total Lease Value
$88,959,703.46
Net Landlord Cash Flow$8,895,970.35
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