Cole Horowitz & Jon Birnbrey Of Rockbrook Equity Acquire Industrial Property In Fort Worth From Donny Lyons
10301 Blue Mound Road
Building Size
5,000 SF
Asset Type
Industrial
Closing
Feb 27, 2025
AI
This industrial outdoor storage property located at 10301 Blue Mound Road in Fort Worth spans approximately 5,000 square feet and sits on 3.86 acres. The asset is fully leased to Containerport Group Inc., which provides drayage and logistics services.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 10301 Blue Mound Road
- Market: Fort Worth
- Buyer: Cole Horowitz & Jon Birnbrey - Rockbrook Equity
- Seller: Donny Lyons
Cole Horowitz and Jon Birnbrey of Rockbrook Equity facilitated this acquisition, highlighting the company's strategy to invest in retail and industrial buildings located in key growth markets across the country. They expressed excitement for future opportunities and encouraged others to share deals with them.
Players
Fort Worth Industrial Market Snapshot
Boundary boundary · Industrial · 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