Updated Dec 4, 2024
Crow Holdings Industrial Acquires 24.38 Acre Development Site In Fort Worth From John Christner Trucking
5500 Nafex Drive
Building Size
—
Asset Type
Development Site
Closing
Nov 3, 2023
About this deal
AI
A 24.38 acre industrial parcel located at 5500 Nafex Drive in Fort Worth, TX has been sold in a recent transaction. The buyer of the development site is Crow Holdings Industrial, while the seller is John Christner Trucking. The sale was facilitated by Chris Wong from Bradford Commercial Real Estate Services.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: Not available
The sale of the industrial parcel to Crow Holdings Industrial marks a new ownership for the property. The buyer has plans to construct two industrial distribution centers on the site, with a combined total square footage of 337,000 SF.
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Development Site
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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