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6500 West Freeway

Frontier Equity Renews Office Lease With Nine Energy Services In Fort Worth
LEASEDOffice

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:

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

Matt Carthey

Holt Lunsford Commercial

Broker

27 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