Updated Dec 20, 2023
Fort Capital Acquires Office & Industrial Property In Arlington For $19.5M
1401 Nolan Ryan Expressway, Arlington, TX, USA
Building Size
426,547 SF
Asset Type
Industrial
Closing
Nov 17, 2021
About this deal
AI
Fort Capital, represented by Jason Baxter, has acquired two properties in Arlington, Texas. The properties are located at 1401 & 1501 Nolan Ryan Expressway and 919 W Mayfield Rd. The combined space of these office and industrial buildings is 426,547 square feet.
Summary of transaction details:
- Property Type: Office & Industrial
- Transaction Amount: Not provided
- Address: 1401 & 1501 Nolan Ryan Expressway, 919 W Mayfield Rd, Arlington, Texas
- Market: Arlington
- Buyer: Fort Capital - Jason Baxter
Jason Baxter, representing Fort Capital, successfully closed the deal for the acquisition of the aforementioned properties in Arlington, Texas. No further details regarding the transaction amount or any additional parties were provided.
Players
Arlington Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
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