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Winscott Road

TeaBevCo Leases 76839 Square Feet In Benbrook Industrial Development Represented By Transwestern
LEASEDIndustrial

TeaBevCo Leases 76839 Square Feet In Benbrook Industrial Development Represented By Transwestern

Building Size

76,839 SF

Asset Type

Industrial

Closing

Dec 12, 2024

AI

The property involved in this transaction is an industrial asset located at I-20 & Winscott Road in the Benbrook market. The total square footage of the lease is 76,839, and it is part of a larger industrial development referred to as Building 1 of Chisholm 20, which spans 917,374 square feet in total.

Summary of transaction details:

This lease agreement marks the relocation of TeaBevCo from North Fort Worth, with CBRE representing the landlord, Jackson-Shaw, and Transwestern representing the tenant throughout the negotiation process.

Players

Steve Koldyke

CBRE

Broker

8 deals

Broker

Market 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