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
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