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801 Cherry Street

Higginbotham Insurance Company Leases Office Space At 801 Cherry Street Fort Worth 29605 SF
LEASEDOffice

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:

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.

Players

Kolby Dickerson

TXRE Properties

Broker

4 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

15863000.00%

Cash-on-Cash

-4533694.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93