Updated Oct 28, 2024
Meritage And Trophy Signature Homes Acquire Development Site In Fort Worth From Walton Global - David Peter & William (Bill) Doherty
6516 Rockrose Trail, Fort Worth, Texas 76123, United States
Building Size
3,118 SF
Asset Type
Development Site
Closing
Jan 30, 2022
About this deal
AI
Meritage and Trophy Signature Homes have purchased a development site located at 6516 Rockrose Trail in Fort Worth, TX 76123. The property was sold by Walton Global, with David Peter and William (Bill) Doherty representing the seller. The transaction took place on January 31, 2022, in the Fort Worth market.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 6516 Rockrose Trail, Fort Worth, TX 76123
- Market: Fort Worth
Meritage and Trophy Signature Homes have acquired the development site from Walton Global. David Peter and William (Bill) Doherty served as the seller's representatives in the deal. The transaction represents an important development opportunity in the Fort Worth market.
Players
Fort Worth Development Site Market Snapshot
Boundary boundary · Development Site · 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