ADG Concepts Leases 45,000 SF Industrial Space In Saginaw
924 South Blue Mound Road & 928 South Blue Mound Road
Building Size
90,000 SF
Asset Type
Industrial
Closing
Dec 6, 2023
AI
ADG Concepts, an air compression systems provider, has leased a 45,000 square foot industrial property in Saginaw, near Fort Worth, Texas. The property is located at 924-928 South Blue Mound Road in the Saginaw market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: N/A
- Square Footage: 45,000
- Address: 924-928 South Blue Mound Road, Saginaw
- Market: Saginaw
The landlord of the property is Blue Ridge Industrial, represented by Michael Trapani. The tenant, ADG Concepts, was represented by Niko Padilla from Mercer Company. The deal was brokered by Jason Finch, Michael W. Spain, and Richard Hitz from Bradford Commercial Real Estate Services.
ADG Concepts made the move from Haltom City to Blue Mound Industrial Park in Saginaw. The lease agreement signifies the company's expansion and the need for a larger space.
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