Gault Co. & RTG Capital LLC Acquire Industrial Property In Forney For $Undisclosed
13020 Fm 1641, Forney, Texas 75126, United States
Building Size
200,000 SF
Asset Type
Industrial
Closing
Jun 14, 2022
AI
An industrial property located at 13020 FM 1641 in Forney has been sold in a recent transaction. The property spans approximately 200,000 square feet and is situated in the Forney market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 13020 FM 1641, Forney
- Market: Forney
- Square Footage: 200,000
The buyers of the property are Gault Co. and RTG Capital LLC. The deal was facilitated by David English, Grant English, and Jeanie Gillock from RidgePoint Commercial Real Estate.
Players
Forney 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