Sportsman's RV Rentals, LLC Acquires Special Purpose Property In Fort Worth For $1.55M
5015 Dick Price Road, Fort Worth, Texas 76140, United States
Building Size
217,800 SF
Asset Type
—
Closing
Mar 30, 2022
AI
Located at 5015 Dick Price Rd in Fort Worth, this special purpose property spans 217,800 square feet. The asset was sold for a price of $1,550,000. The transaction took place on March 31, 2022, and the buyer is Sportsman's RV Rentals, LLC. The seller of the property is Tina Brown, representing B&T RV & Boat Storage. The buyer's representative in the deal is Hayden Harder from SVN Trinity Advisors. The property is an RV & Boat Storage facility, with an additional 3 acres available for expansion.
Summary of transaction details
- Property Type: Special Purpose
- Transaction Amount: $1,550,000
- Address: 5015 Dick Price Rd, Fort Worth
- Market: Fort Worth
- Buyer: Sportsman's RV Rentals, LLC
- Seller: Tina Brown - B&T RV & Boat Storage
Hayden Harder, an Investment Advisor from SVN Trinity Advisors, represented the buyer in this deal. SVN | Trinity Advisors is a full-service commercial real estate brokerage firm based in the greater Dallas Fort Worth area. They provide real estate services to large corporations, middle market businesses, and individual entrepreneurial investors. The firm specializes in sales, leasing, and management of commercial properties locally, regionally, and nationally. With their national platform, SVN | Trinity Advisors offers expansive market reach and increased exposure for commercial real estate assets, generating more offers.
Players
Fort Worth CRE Market Snapshot
Boundary boundary · CRE · 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