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6633 Oak Grove Road, Fort W...

FedEx Ground Package Service Leases Industrial Property In Fort Worth From PGIM
LEASEDIndustrial

FedEx Ground Package Service Leases Industrial Property In Fort Worth From PGIM

6633 Oak Grove Road, Fort Worth, TX, USA

Building Size

186,577 SF

Asset Type

Industrial

Closing

Jul 5, 2021

AI

The industrial property located at 6633-6657 Oak Grove Road in Fort Worth has been leased. The property spans 186,577 square feet and is owned by PGIM.

Summary of transaction details

Curt Star from Fischer & Co. represented FedEx Ground Package Service as their tenant's representative in the leasing deal. Matt Carthey and Thomas Grafton, both from Holt Lunsford Commercial, acted as the landlord's representatives.

Players

Matt Carthey

Holt Lunsford Commercial

Broker

27 deals

Broker
PGIM
PGIM Lender
PGIM
PGIM Landlord

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