Highland Homes Leases 8,500 SF Office Space At Hillwood Commons II In Fort Worth
9900 Hillwood Parkway
Building Size
8,500 SF
Asset Type
Office
Closing
Mar 1, 2024
About this deal
AI
An 8,500-square-foot office lease was signed by Highland Homes at Hillwood Commons II in North Fort Worth's Alliance Town Center. The property, located at 9900 Hillwood Parkway, will serve as Highland Homes' fifth office location in Texas, accommodating up to 175 employees.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 9900 Hillwood Parkway
- Market: Fort Worth
- Tenant: Rod Sanders & Jean Ann Brock - Highland Homes
- Tenant Capacity: Up to 175 employees
- BROKERS: Kim Lyon & Scott Hobbs - Newmark
Scott Hobbs and Kim Lyon of Newmark played a key role in facilitating the lease negotiations for Highland Homes at Hillwood Commons II. The deal is set for Highland Homes to relocate to the new office space this summer.
On the Map
Office
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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