facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Lease

/

7617 Pebble Drive

Neveon USA Leases 50,000 SF Industrial Space At Riverbend Business Park In Fort Worth
LEASEDIndustrial

Neveon USA Leases 50,000 SF Industrial Space At Riverbend Business Park In Fort Worth

7617 Pebble Drive

Building Size

50,000 SF

Asset Type

Industrial

Closing

Nov 14, 2023

AI

An industrial lease for 50,000 square feet has been arranged at Riverbend Business Park in northeast Fort Worth, Texas. The property is part of a 1.4 million-square-foot development located at 7617 Pebble Drive. Neveon USA, represented by Jürgen Kleinrath, will be the tenant in this transaction.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Square Footage: 50,000
  • Address: 7617 Pebble Drive, Fort Worth, Texas
  • Market: Fort Worth

Newmark facilitated this lease for Neveon USA, with the tenant's representatives being Frank Puskarich and Louis Pascuzzi. Representing the landlord in this deal was Holt Lunsford Commercial.

Players

Louis Pascuzzi

Newmark

Broker

7 deals

Broker
NU
Neveon USATenant

Fort Worth Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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