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3400 West Fwy, Fort Worth, ...

Vantage Bank Texas Leases 15,000 SF Office Space At Triune Centre, Fort Worth
LEASEDOffice

Vantage Bank Texas Leases 15,000 SF Office Space At Triune Centre, Fort Worth

3400 West Fwy, Fort Worth, TX, 76107

Building Size

15,000 SF

Asset Type

Office

Closing

Nov 22, 2023

AI

The office lease transaction involves a 15,000-square-foot space at Triune Centre located at 3400 West Freeway in Fort Worth. Vantage Bank Texas will be the anchor tenant in this 30,000-square-foot office development, with construction scheduled to commence this quarter and finalize by next summer.

Summary of transaction details:

The negotiation process for the lease was facilitated by Cullen Donohue, Seth Koschak, Chris Doggett, and Vic Meyer of Stream Realty Partners, representing the landlord, a collaboration between Cornerstone Projects Group and Trident Structures. On the tenant's side, Theron Bryant from Transwestern handled the representation for Vantage Bank Texas in securing this office space.

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