Updated Dec 21, 2023
HGR Industrial Surplus Leases 185,000 SF Industrial Space In Fort Worth
7550 Oak Grove Road, Fort Worth, TX 76140, USA
Building Size
185,000 SF
Asset Type
Industrial
Closing
Sep 28, 2021
About this deal
AI
HGR Industrial Surplus has recently signed a lease for an industrial property located at 7550 Oak Grove Road in Fort Worth. The property spans approximately 185,000 square feet, making it suitable for various industrial operations. The lease transaction was finalized on September 28, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 09/28/2021
- Address: 7550 Oak Grove Road, Fort Worth
- Square Footage: 185,000
- Tenant: HGR Industrial Surplus - Brian Krueger
Under the lease agreement, HGR Industrial Surplus, represented by Brian Krueger, will be the tenant occupying the property. They will have the opportunity to utilize the sizable industrial space for their specific business needs. With this lease, HGR Industrial Surplus is expected to enhance their operations and serve their customers more effectively.
Players
Fort Worth Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Deal FAQ
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