LanCarte Commercial Brokers Leases Totaling 19.7K SF At The Westcliff Shopping Center, Fort Worth
3548 S Hills Ave Fort Worth, TX 76109, USA
Building Size
19,745 SF
Asset Type
Retail
Closing
May 10, 2023
About this deal
AI
LanCarte Commercial has brokered leases totaling 19,745 square feet at The Westcliff Shopping Center in Fort Worth. The new tenants include Cowtown, Specialist Jewelry Clinic, Fort Worth Dance Academy, and Organized Nest.
Summary of transaction details
- Property Type: Lease
- Transaction Amount: N/A
- Address: Fort Worth
- Market: N/A
- Tenant: Cowtown, Specialist Jewelry Clinic, Fort Worth Dance Academy, Organized Nest
- Landlord's Representative: Ben Gehrke and Riley Dow (LanCarte Commercial)
- Tenant's Representative: N/A
LanCarte's Ben Gehrke and Riley Dow represented the landlord, CTO Realty Growth Inc., in the negotiations.
On the Map
Retail
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Players
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Boundary boundary · Retail · 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