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2821 W 7th St, Fort Worth, ...

Macfarlan Capital Partners Leases 35948 Square Feet At 2821 W 7th St Fort Worth To Weaver
LEASEDOffice

Macfarlan Capital Partners Leases 35948 Square Feet At 2821 W 7th St Fort Worth To Weaver

2821 W 7th St, Fort Worth, TX, 76107

Building Size

35,948 SF

Asset Type

Office

Closing

Aug 25, 2022

AI

The property involved in this lease transaction is located at 2821 W 7th St, Fort Worth, TX, 76107, with a total area of 35,948 square feet. It is situated in the Fort Worth market and is part of the seven-story One West 7th development, where Weaver has been the original lead tenant since its opening in 2009. The property allows for prominent top-of-building signage for the tenant.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 2821 W 7th St, Fort Worth, TX, 76107
  • Market: Fort Worth
  • Landlord: Macfarlan Capital Partners
  • Tenant: Weaver
  • Landlord's Rep: Jake Neal - Holt Lunsford Commercial
  • Brokers: Matt Carthey - Holt Lunsford Commercial
  • Square Feet: 35,948
  • Lease Renewal Date: Summer 2022
  • Construction Completion Date: November 2022

The lease renewal was facilitated by Citadel Partners representing Weaver with a team that included Managing Partner Scott Morse, Managing Partner Scott Jessen, Market Principal Andy Goldston, Market Associate Advisor Daniel Mullen, and Advisor Katherine Jessen. The landlord was represented by Matt Carthey and Jake Neal, both from Holt Lunsford Commercial. The agreement includes plans for a complete renovation of the occupied floors and the construction of an amenity center on the second floor.

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