Fort Signs NNN Lease For 21,600 Square Feet At 275 University Drive In Fort Worth
275 University Drive
$24
$24/SF
Building Size
21,600 SF
Asset Type
Mixed-use
Closing
May 31, 2025
AI
A mixed-use asset of 21,600 square feet is located at 275 University Drive in Fort Worth. The property falls under a NNN Lease structure and was leased to a high-caliber tenant, showcasing strong demand for industrial space in the area.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Lease Type: NNN Lease
- Landlord: Fort
- Brokers: Todd Hawpe & Gibson Duwe - Transwestern
- Market: Fort Worth
The landlord, Fort, successfully completed this transaction with zero downtime between tenants, highlighting effective collaboration with both the tenant and the tenant representative broker. Fort is committed to providing turnkey industrial spaces that facilitate efficient transitions for businesses.
Players
Fort Worth Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
660958.33%
Cash-on-Cash
-188903.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93