Escalante Golf Leases 25,000 SF Office Space In Fort Worth Cultural District
801 Foch Street & 1075 Foch Street
Building Size
50,000 SF
Asset Type
Office
Closing
Jun 13, 2024
AI
The office asset located at 801-1075 Foch Street in Fort Worth, spanning 25,000 square feet, has been leased to Elico Silva of Escalante Golf. The landlord, Terry Brown of Asana Partners, successfully secured Escalante Golf as a tenant in the Cultural District, with the property poised for $1.2 million in renovations.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 801-1075 Foch Street
- Market: Fort Worth
- Tenant: Elico Silva - Escalante Golf
- Landlord: Terry Brown - Asana Partners
- Landlord's Rep: Chris Doggett & Matthew Cheney - Stream Realty Partners
- Tenant's Rep: Gibson Duwe & Kyle Poulson - Transwestern
Asana Partners, represented by Chris Doggett & Matthew Cheney of Stream Realty Partners, successfully closed the deal with Elico Silva, who was represented by Gibson Duwe & Kyle Poulson of Transwestern. The transaction marks a significant milestone for the Foch Street Warehouses as it enters a phase of revitalization with substantial investments in the bustling area.
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