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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: I-20 & Winscott Road
- Market: Benbrook
- Landlord: Michele Wheeler - Jackson-Shaw
- Tenant: TeaBevCo
- Landlord's Representative: Brian Gilcrest, Kacy Jones & Steve Koldyke - CBRE
- Tenant's Representative: Todd Hawpe - Transwestern
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
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