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3400 West Freeway, Fort Wor...

Vantage Bank Leases 15,000 SF Office Space At 3400 West Freeway In Fort Worth
LEASEDOffice

Vantage Bank Leases 15,000 SF Office Space At 3400 West Freeway In Fort Worth

3400 West Freeway, Fort Worth, TX, USA

Building Size

15,000 SF

Asset Type

Office

Closing

May 4, 2021

AI

An office space located at 3400 West Freeway in Fort Worth has been leased. The property spans 15,000 square feet and was leased by Vantage Bank. The landlords, Cornerstone Projects Group and Trident Structures, were represented by Cullen Donohue, Seth Koschak, Chris Doggett, and Vic Meyer from Stream Realty Partners. Theron Bryant from Transwestern acted as the tenant's representative in the deal.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not available
  • Address: 3400 West Freeway
  • Market: Fort Worth

This lease transaction involved Vantage Bank as the tenant and Cornerstone Projects Group, along with Trident Structures, as the landlords. The tenant's representative in the deal was Theron Bryant from Transwestern. On the other side, Cullen Donohue, Seth Koschak, Chris Doggett, and Vic Meyer from Stream Realty Partners represented the landlords. The leased office space, spanning 15,000 square feet, is situated at 3400 West Freeway in Fort Worth.

Players

Theron Bryant

Transwestern

Broker

3 deals

Broker
TS
Trident StructuresLandlord

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