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5015 Dick Price Road, Fort ...

Sportsman's RV Rentals, LLC Acquires Special Purpose Property In Fort Worth For $1.55M
SOLD

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

Hayden Harder

SVN

Broker

3 deals

Broker

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