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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Square Footage: 16,608
- Address: 1600 West 7th Street
- Market: Fort Worth
- Landlord: First Cash Inc
- Tenant: Shield Engineering Group
- Tenant's Representative: Alex Bryant - Street Realty Partners
- Landlord's Representatives: Jake Neal & Matt Carthey - Holt Lunsford Commercial
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
Fort Worth Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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