F.O.H. Events LLC Triples Production Hub In Fort Worth Industrial Lease
8803 Forum Way
Building Size
23,465 SF
Asset Type
Industrial
Closing
Jul 15, 2024
AI
The lease transaction involved a 23,465-square-foot industrial building located at 8803 Forum Way in Fort Worth. The property served as the new production hub for F.O.H. Events LLC, allowing the locally based company to triple its operational space.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not applicable
- Address: 8803 Forum Way
- Market: Fort Worth
- Landlord: Dundee Investments LLC
- Tenant: F.O.H. Events LLC
- Landlord's Rep: Benson Williams - LanCarte Commercial Real Estate
- Tenant's Rep: Shane Benner - Bradford Commercial Real Estate Services
The move to the new industrial building followed a nine-month search for expansion space in Fort Worth after the expiration of F.O.H. Events LLC's previous lease. The relocation marked a significant milestone for the company as it sought to support its growing operations within its headquarters city.
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