Lee & Associates Negotiates 301,995 SF Industrial Lease In Fort Worth
8200 South Fwy, Fort Worth, TX, 76134
Building Size
301,995 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
The Everman Distribution Center, an industrial property located at 8200 South Fwy, Fort Worth, TX, 76134, spans a total of 301,995 square feet. Situated in Fort Worth, this asset within Carter Distribution Center boasts impressive features such as 38-foot clear heights, 280-foot truck court depths, 196 car parking spaces, 92 trailer parking spaces, and 22 dock-high doors.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: The Hollingsworth Cos
- Landlord's Representative: Trey Fricke (Lee & Associates)
- Tenant: Unknown
- Square Feet: 301,995
The lease negotiations for the industrial property at Everman Distribution Center in Fort Worth were facilitated by Trey Fricke and Reid Bassinger of Lee & Associates representing the landlord, The Hollingsworth Cos. On the other side, Tom Golarz and James Ewing of Colliers International acted as representatives for the tenant, whose identity remains undisclosed.
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