Mallick Tower Leases 1130 Square Feet At 101 Summit Ave Fort Worth With Landlord's Reps Marshall Mays And Geoff Shelton
101 Summit Ave, Fort Worth, TX, 76102
Building Size
1,130 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 101 Summit Ave, Fort Worth, TX, 76102. It is a lease property with a total area of 1,130 square feet situated within the Fort Worth market. The landlord for this property is Mallick Tower.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 101 Summit Ave, Fort Worth, TX, 76102
- Square Feet: 1,130
- Landlord: Mallick Tower
- Landlord's Representatives: Marshall Mays - Holt Lunsford Commercial, Geoff Shelton - Holt Lunsford Commercial
Geoff Shelton and Marshall Mays from Holt Lunsford Commercial represented the landlord, Mallick Tower, in the negotiation of the lease for this property.
Players
Fort Worth Office Market Snapshot
Boundary boundary · Office · 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