Empire Group Of Cos. Acquires 48-Acre Development Site In Fort Worth For $16M
SOLD
$16,000,000
Texas
See Similar DealsDevelopment Site
Sold 08/30/2022
SOLD
Empire Group Of Cos. Acquires 48-Acre Development Site In Fort Worth For $16M
3501 Golden Triangle Boulevard, Fort Worth, Texas 76244, United States
See Similar DealsDevelopment Site
Sold 08/30/2022
Summary
TEXAS
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$853,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
Annual Debt Service$910,177.95
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