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7100 Oak Grove Road, Fort W...

GoTRG Leases 250,000 SF Industrial Space In Fort Worth With Landlord Black Creek Group
LEASEDIndustrial

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

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:

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.

Players

J. Scott Moore

CBRE

Broker

3 deals

Broker
Black Creek Group
Black Creek GroupLandlord

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