Frontier Equity Renews Office Lease With Nine Energy Services In Fort Worth
6500 West Freeway
Building Size
19,780 SF
Asset Type
Office
Closing
Jul 9, 2024
AI
The office space at 6500 West Freeway in Fort Worth, spanning 19,780 square feet, has been leased by Nine Energy Services from Frontier Equity. The lease was negotiated by Jake Neal, Matt Carthey, and Vic Meyer of Holt Lunsford Commercial.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 6500 West Freeway
- Market: Fort Worth
- Tenant: Nine Energy Services
- Landlord: Frontier Equity
- Brokers: Jake Neal, Matt Carthey & Vic Meyer - Holt Lunsford Commercial
Holt Lunsford Commercial, representing Frontier Equity, facilitated the renewal of the lease at One Ridgmar Centre in Fort Worth. The upcoming capital improvements will focus on enhancing various areas within the office space to provide a more appealing environment for the tenant, including the lounge, lobby, conference rooms, and common areas.
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