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924 South Blue Mound Road

ADG Concepts Leases 45,000 SF Industrial Space In Saginaw
LEASEDIndustrial

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

Jason Finch

Rich Young Company

Broker

28 deals

Broker
BI
Blue Ridge IndustrialLandlord

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