Simmons Bank Renews 26,982-Square-Foot Office Lease At Overton Centre In Fort Worth
4100 International Plaza
Building Size
26,982 SF
Asset Type
Office
Closing
Sep 27, 2023
About this deal
AI
Simmons Bank has renewed its 26,982-square-foot office lease at the Overton Centre in southwest Fort Worth. The Overton Centre offers a range of amenities, including a renovated lobby, deli, and fitness center, providing a comfortable and convenient working environment for tenants.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 26,982
- Address: 4100-4150 International Plaza, Fort Worth
- Market: Fort Worth
The lease renewal was facilitated by Matt Carthey and Jake Neal of Holt Lunsford Commercial, representing Simmons Bank in the deal. Their expertise and negotiation skills ensured that Simmons Bank could continue its operations in the Overton Centre seamlessly.
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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