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
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