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6633 Oak Grove Road

Cathy Marcus Of PGIM Leases 186577 SF At Carter Distribution Center To FedEx Ground In Fort Worth
LEASEDIndustrial

Cathy Marcus Of PGIM Leases 186577 SF At Carter Distribution Center To FedEx Ground In Fort Worth

6633 Oak Grove Road

Building Size

186,577 SF

Asset Type

Industrial

Closing

Jul 10, 2025

AI

The property asset involved in the transaction is located at 6633-6657 Oak Grove Road in Fort Worth. This industrial asset spans 186,577 square feet and is part of a 1 million square foot industrial complex that was constructed in 2018.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 6633-6657 Oak Grove Road
  • Market: Fort Worth
  • Landlord: Cathy Marcus - PGIM
  • Tenant: Frederick Smith - FedEx Ground Package System
  • Landlord's Representative: Matt Carthey & Thomas Grafton - Holt Lunsford Commercial
  • Tenant's Representative: Thomas Eddins - Fischer & Company

In this transaction, FedEx Ground renewed its lease at Carter Distribution Center. The landlord, PGIM, was represented by brokers Matt Carthey and Thomas Grafton from Holt Lunsford Commercial, while the tenant was represented by Thomas Eddins from Fischer & Company.

Players

Matt Carthey

Holt Lunsford Commercial

Broker

27 deals

Broker
F
FedExBrokerage
PGIM
PGIM Landlord
FS
FedEx Ground Package ServiceTenant

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