Stork H&E Leases Industrial Property In Fort Worth To Cabot Properties Inc
6601 Oak Grove Rd, Fort Worth, TX, 7...
Building Size
67,281 SF
Asset Type
Industrial
Closing
Oct 2, 2019
AI
Located at 6601 Oak Grove Rd, Fort Worth, TX, the industrial property in Fort Worth spans 67,281 square feet. The lease agreement was finalized between tenant Stork H&E and landlord Cabot Properties Inc.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Applicable
- Tenant: Stork H&E
- Landlord: Cabot Properties Inc
- Square Feet: 67,281
- Tenant's Rep: Todd Hawpe (Transwestern)
- Landlord's Rep: Matt Carthey (Holt Lunsford Commercial)
Matt Carthey and Thomas Grafton from Holt Lunsford Commercial represented the landlord, Cabot Properties Inc., while Todd Hawpe from Transwestern acted as the tenant's representative in the lease negotiations for the industrial space at Carter Distribution Center in Fort Worth.
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