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
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