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8300 South Fwy, Fort Worth,...

Cabot Properties Leases Industrial Property In Fort Worth With 62656 Sq Ft
LEASEDIndustrial

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:

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

Matt Carthey

Holt Lunsford Commercial

Broker

27 deals

Broker
Cabot Properties
Cabot PropertiesLandlord

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