Updated Nov 28, 2024
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
About this deal
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
- Property Type: Industrial
- Tenant: FedEx Ground Package Service
- Tenant's Representative: Curt Star - Fischer & Co.
- Landlord: PGIM
- Landlord's Representatives: Matt Carthey & Thomas Grafton - Holt Lunsford Commercial
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.
On the Map
Industrial
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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