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801 Foch Street

Updated Dec 4, 2024

Escalante Golf Leases 25,000 SF Office Space In Fort Worth Cultural District
LEASEDOffice

Escalante Golf Leases 25,000 SF Office Space In Fort Worth Cultural District

801 Foch Street & 1075 Foch Street

Building Size

25,000 SF

Asset Type

Office

Closing

Jun 13, 2024

About this deal

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:

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.

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Players

Chris Doggett

Stream Realty Partners⁠

Broker

2 deals

Broker
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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

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