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6601 Oak Grove Rd, Fort Wor...

Stork H&E Leases Industrial Property In Fort Worth To Cabot Properties Inc
LEASEDIndustrial

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:

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

Matt Carthey

Holt Lunsford Commercial

Broker

27 deals

Broker
Cabot Properties
Cabot 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