Higginbotham Insurance Company Leases Office Space At 801 Cherry Street Fort Worth 29605 SF
801 Cherry Street
$1
$1/SF
Building Size
29,605 SF
Asset Type
Office
Closing
Jan 20, 2025
AI
The office asset located at 801 Cherry Street, Fort Worth, comprises 29,605 square feet. This property is under lease to Higginbotham Insurance Company and is managed by Landlord Swiss Burnett.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Lease Type: Other
- Landlord: Swiss Burnett
- Tenant: Higginbotham Insurance Company
- Brokers: Sam Davis & Kolby Dickerson - TXRE Properties
The deal was facilitated by brokers Sam Davis and Kolby Dickerson, representing TXRE Properties in the transaction. Their role included negotiations and coordination between the landlord and tenant throughout the leasing process.
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
15863000.00%
Cash-on-Cash
-4533694.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93