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500 Taylor St, Fort Worth, ...

Dickies Signs 84,000 SF Office Lease At 500 Taylor St, Fort Worth
LEASEDOffice

Dickies Signs 84,000 SF Office Lease At 500 Taylor St, Fort Worth

500 Taylor St, Fort Worth, TX, 76102

Building Size

84,000 SF

Asset Type

Office

Closing

Nov 22, 2023

AI

Located at 500 Taylor St in Fort Worth, TX 76102, the 84,000-square-foot office headquarters has been leased by apparel retailer Dickies. The landlord, SADA Capital Partners, facilitated the deal, with Stream Realty Partners' Chris Doggett and Cullen Donohue representing the landlord, while Randy Cooper and Wills Bauer represented Dickies.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Tenant's Rep: Randy Cooper (Stream Realty Partners), Wills Bauer (Stream Realty Partners)
  • Tenant: Dickies
  • Landlord: SADA Capital Parnters
  • Market: Fort Worth

SADA Capital Partners, based in Illinois, acquired the six-story building in June 2022 and is currently undertaking a capital improvement program after securing Dickies as the tenant for the 84,000-square-foot office space at 500 Taylor St in downtown Fort Worth.

Players

Wills Bauer

Stream Realty Partners⁠

Broker

4 deals

Broker

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