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4100 International Plaza

Simmons Bank Renews 26,982-Square-Foot Office Lease At Overton Centre In Fort Worth
LEASEDOffice

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

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.

Players

Matt Carthey

Holt Lunsford Commercial

Broker

27 deals

Broker
SIMMONS BANK
SIMMONS BANKBrokerage

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