Urban Genesis LLC Acquires Special Use Property In Fort Worth From Fort Worth School District
100 N University Dr, Fort Worth, TX, USA
Building Size
7,812 SF
Asset Type
—
Closing
May 25, 2020
About this deal
AI
The special use property located at 100 N. University Drive in Fort Worth, Tarrant County, was recently sold in a transaction dated 05/26/20. The property was sold by the Fort Worth school district, represented by Kent P. Scribner. The buyer of the property was Urban Genesis LLC, led by Matt Shafiezadeh, and Keystone Investment Opportunities LLC, represented by Matthew Clarke.
Summary of transation details
- Property Type: Special Use
- Transaction Amount: N/A
The seller of the property was the Fort Worth school district, represented by Kent P. Scribner. The buyer was Urban Genesis LLC, with Matt Shafiezadeh as their representative, and Keystone Investment Opportunities LLC, represented by Matthew Clarke. Additional details about the transaction, such as the sale price or loan amount, are not available.
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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