Unknown Real Estate Investment Trust Purchases Property At 1511 NE Loop 820 Fort Worth With Jack Fraker As Seller's Representative
1511 NE Loop 820, Fort Worth, TX, 76...
Building Size
1 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property involved in this transaction is a fulfillment center located at 1511 NE Loop 820, Fort Worth, TX, with a substantial size of 1 million square feet. This industrial building features 40-foot clear heights, 195-foot truck court depths, and ample parking for both trailers and automobiles, offering strategic proximity to Interstates 820 and 35. It was developed on a speculative basis by Hunt Southwest.
Summary of transaction details:
- Property Type: Fulfillment Center
- Transaction Amount: Not disclosed
- Square Footage: 1 million sq. ft.
- Address: 1511 NE Loop 820, Fort Worth, TX
- Market: Fort Worth
- Seller's Representative: Jack Fraker, CBRE
- Buyer: Unknown Real Estate Investment Trust
Jack Fraker, along with his team members Randy Baird, Jonathan Bryan, Ryan Thornton, and Eliza Bachhuber from CBRE, represented Hunt Southwest in this transaction. The buyer is an undisclosed publicly traded REIT, highlighting a shift in ownership of this significant property.
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