Marcus & Millichap Sells 11,328 SF Land In Fort Worth, TX To Undisclosed Buyer
601 University Dr, Fort Worth, Texas 76107, United States
Building Size
11,328 SF
Asset Type
—
Closing
Jan 18, 2022
About this deal
AI
Located at 601 University Dr in Fort Worth, TX, a land property spanning 11,328 square feet has recently been sold. The transaction took place on January 18, 2022, with the property being represented by Brett Budde & Joe Santelli from Marcus & Millichap.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not specified
- Address: 601 University Dr, Fort Worth, TX
- Market: Fort Worth, TX
- Square Footage: 11,328
Brett Budde and Joe Santelli from Marcus & Millichap served as the brokers for this transaction, representing the buyer and seller in the deal.
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