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10717 N. Freeway, 2709 Grah...

Westcore Properties Acquires Three Fully Leased Industrial Buildings In Fort Worth From M2G Ventures
SOLDIndustrial

Westcore Properties Acquires Three Fully Leased Industrial Buildings In Fort Worth From M2G Ventures

10717 N. Freeway, 2709 Graham Cracker Road & 2500 Golden Triangle Blvd

Building Size

485,330 SF

Asset Type

Industrial

Closing

Apr 28, 2023

AI

Westcore Properties has acquired three fully leased industrial buildings in Fort Worth, Texas. The properties, known as Buildings 1, 2, and 4, are located at 10717 N. Freeway, 2709 Graham Cracker Road, and 2500 Golden Triangle Blvd. The total square footage of the acquisition is 485,330. These Class A facilities are equipped with features such as clear heights, fire sprinklers, dock-high doors, and ample parking. The strategic location near Interstate 35 and Dallas-Fort Worth International Airport adds to the appeal of these industrial assets.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Market: Fort Worth
  • Date: 04/28/2023
  • Buyer: Westcore Properties
  • Seller: M2G Ventures
  • Brokers: Seth Koschak & Matteson Hamilton - Stream Realty Partners

This acquisition expands Westcore Properties' industrial portfolio in Texas to a total of 5.5 million square feet. The purchase of these fully leased buildings strengthens their presence in the Fort Worth market. The deal was facilitated by the broker representatives Seth Koschak and Matteson Hamilton from Stream Realty Partners. The transaction signifies Westcore Properties' continued growth and investment in the industrial sector.

Players

Matteson Hamilton

Stream Realty Partners⁠

Broker

9 deals

Broker
M2G Ventures
M2G VenturesSeller

Tucson Industrial Market Snapshot

Boundary boundary · Industrial · Sale 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