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1600 West 7th Street

Shield Engineering Group Expands Office Lease At First Cash Plaza In Fort Worth For 16,608 SF
LEASEDOffice

Shield Engineering Group Expands Office Lease At First Cash Plaza In Fort Worth For 16,608 SF

1600 West 7th Street

Building Size

16,608 SF

Asset Type

Office

Closing

Oct 7, 2024

AI

The property involved in this transaction is an office space located at 1600 West 7th Street, Fort Worth. This office asset encompasses 16,608 square feet within First Cash Plaza, a nine-story building situated near downtown Fort Worth.

Summary of transation details:

Shield Engineering Group has renewed and expanded its office lease within the property. Alex Bryant of Street Realty Partners acted as the representative for Shield Engineering Group, while Jake Neal and Matt Carthey from Holt Lunsford Commercial represented the landlord, First Cash Inc.

Players

Matt Carthey

Holt Lunsford Commercial

Broker

27 deals

Broker

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