SOLDIndustrial
Sterling Investors Acquires Two Texas Warehouses From GLP Capital Partners Via JLL
14200 Faa Boulevard & 6751 North Eldridge Parkway
Building Size
1,684,624 SF
Asset Type
Industrial
Closing
Feb 16, 2024
AI
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Square Footage: 842,312
- Acres: 50
- Address: 14200 FAA Boulevard & 6751 North Eldridge Parkway
- Market: Fort Worth & Houston
- Buyer: Khaled Kudsi - Sterling Investors
- Seller: GLP Capital Partners
- Lender: Principal Life Insurance Company
- Brokers: Brooke Petzold, Charlie Strauss, Lance Young, Matthew Barge, Parker McCormack, Pauli Kerr, Trent Agnew & Tom Weber - JLL
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