Updated Oct 28, 2024
GoTRG Leases 250,000 SF Industrial Space In Fort Worth With Landlord Black Creek Group
7100 Oak Grove Road, Fort Worth, TX 76140
Building Size
250,000 SF
Asset Type
Industrial
Closing
Dec 23, 2021
About this deal
AI
The industrial property located at 7100 Oak Grove Rd in Fort Worth has been leased. The property spans approximately 250,000 square feet, making it a significant asset in the market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Date: 12/23/2021
- Address: 7100 Oak Grove Rd, Fort Worth
- Market: Fort Worth
- Landlord: Black Creek Group
- Tenant: goTRG
- Landlord's Representative: Scott Moore & Bob Scully - CBRE
- Tenant's Representative: Mark Collins - Cushman & Wakefield
This deal was facilitated by the respective brokers, Scott Moore & Bob Scully from CBRE representing the landlord, Black Creek Group, and Mark Collins from Cushman & Wakefield representing the tenant, goTRG. The involvement of these key individuals and companies contributed to the successful lease agreement.
On the Map
Industrial
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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