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PCCP Provides $72.4 Million Loan To WPT Capital Advisors For Industrial Properties In Fort Worth

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FINANCED
$72,400,000

Texas

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Industrial1,100,000 SF
Financed 02/12/2025
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FINANCED

PCCP Provides $72.4 Million Loan To WPT Capital Advisors For Industrial Properties In Fort Worth

15716 Wolff Crossing

See Similar Deals
Industrial1,100,000 SF
Financed 02/12/2025
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Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$65
Total Square Footage:1,100,000 SF
Transaction Type:Loan

The asset involved in this transaction consists of two fully leased Class A warehouse buildings, totaling 1,100,000 square feet, located at 16000 & 15716 Wolff Crossing, Fort Worth. The overall loan amount for this acquisition is $72,400,000. The properties, built in 2021, feature 36-foot clear heights and possess excess trailer parking, strategically situated near major transportation hubs in AllianceTexas.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $72,400,000
  • Lender: PCCP
  • Landlord: Matt Cimino - WPT Capital Advisors
  • Asset Size: 1,100,000 SF
  • Date: 02/12/2025

PCCP provided financing for WPT Capital Advisors to facilitate the acquisition. Matt Cimino represents WPT Capital Advisors in this transaction, overseeing the investment in these properties within the North Fort Worth market.

Players

LENDER

Details

FINANCED
IMAGE: Matt Cimino DATE: 02/12/2025 ADDRESS: 16000 & 15716 Wolff Crossing MARKET: Fort Worth ASSET TYPE: Industrial ~ SF: 1,100,000 LENDER: PCCP LANDLORD: Matt Cimino - WPT Capital Advisors LOAN AMOUNT: $72,400,000 LOAN TYPE: Acquisition NOTE: PCCP provided a $72.4 million loan to WPT Capital Advisors to acquire two fully leased Class A warehouse buildings totaling 1.1 million square feet at Elizabeth Creek Gateway in North Fort Worth. Built in 2021, the properties offer 36’ clear heights and excess trailer parking, with a prime location near major transportation hubs in AllianceTexas.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$72,400,000.00

Monthly NOI$482,666.67
Monthly Debt Service$457,617.25
Change in Cash Flow$0.00
Refinance Proceeds$0.00