CHEP USA Renews 155,200 SF Industrial Lease In Fort Worth With Landlord Brian Kingston - Brookfield Properties
5301 Alliance Gateway Freeway
Building Size
155,200 SF
Asset Type
Industrial
Closing
Feb 2, 2024
AI
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.
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