Updated Dec 4, 2024
Sterling Investors Acquires Two Texas Warehouses From GLP Capital Partners Via JLL
14200 Faa Boulevard & 6751 North Eldridge Parkway
Building Size
842,312 SF
Asset Type
Industrial
Closing
Feb 16, 2024
About this deal
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
Traded’s record for 14200 Faa Boulevard in Fort Worth, Texas covers a industrial sale from 2024. The building is 1,684,624 square feet, implying about 0 per square foot on the published price. Lance Young, Matthew Barge, Pauli Kerr, Tom Weber appear on the sale alongside JLL. This page is the Fort Worth, Texas file for the 14200 Faa Boulevard industrial sold: pricing, party profiles, and other closed industrial comps from the same Fort Worth sit in the Market section below. Filter that Fort Worth industrial set by closing date to see what else sold near 14200 Faa Boulevard around 2024. Cite this Sterling Investors Acquires Two Texas Warehouses From GLP Capital Partners Via JLL sale when underwriting similar industrial product around Fort Worth, Texas.
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