Cabot Properties Leases Industrial Property In Fort Worth With 62656 Sq Ft
8300 South Fwy, Fort Worth, TX, 76134
Building Size
62,656 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The industrial property located at 8300 South Fwy, Fort Worth, TX, 76134, is part of the Everman Trade Center, a four-building development encompassing a total of 457,745 square feet. Jorstin Transportation Services renewed and expanded their lease, now occupying a total of 62,656 square feet, with an additional 34,473 square feet at this location. This property is under the ownership of Cabot Properties, a Boston-based landlord.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Applicable
- Landlord: Cabot Properties
- Square Feet: 62656
- Market: Fort Worth
- Landlord's Representatives: Matt Carthey (Holt Lunsford Commercial), Thomas Grafton (Holt Lunsford Commercial)
Thomas Grafton and Matt Carthey from Holt Lunsford Commercial acted as the landlord's representatives in the lease negotiations for Jorstin Transportation Services at the Everman Trade Center in Fort Worth. The tenant's decision to expand their space in this prominent industrial development reflects the growing demand for logistics services in the Fort Worth market, solidifying their presence in the area.
Players
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