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:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 3400 West Fwy, Fort Worth, TX, 76107
- Market: Fort Worth
- Tenant's Rep: Theron Bryant(Transwestern)
- Landlord's Rep: Seth Koschak(), Vic Meyer(Holt Lunsford Commercial)
- Tenant: Vantage Bank Texas
- Landlord: Trident Structures
- Square Feet: 15,000
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
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