Updated Oct 28, 2024
Empire Group Of Cos. Acquires 48-Acre Development Site In Fort Worth For $16M
3501 Golden Triangle Boulevard, Fort Worth, Texas 76244, United States
$16,000,000
Building Size
—
Asset Type
Development Site
Closing
Aug 29, 2022
About this deal
AI
A development site located at 3501 Golden Triangle Boulevard in Fort Worth has been sold for $16,000,000. The property spans approximately 48 acres and was acquired by Empire Group of Cos. The transaction took place on August 30, 2022.
Summary of transaction details:
- Property Type: Development site
- Transaction Amount: $16,000,000
- Address: 3501 Golden Triangle Boulevard, Fort Worth
- Market: Fort Worth
- Buyer: Empire Group of Cos.
The sale of this development site was facilitated by Sanjay Singh Sohal. He represented Empire Group of Cos. in this transaction.
Players
Fort Worth Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93