facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Sale

/

16101 Three Wide Drive, For...

GLP Capital Partners Acquires Industrial Property In Fort Worth From IDI Logistics
SOLDIndustrial

GLP Capital Partners Acquires Industrial Property In Fort Worth From IDI Logistics

16101 Three Wide Drive, Fort Worth, TX 76177, USA

Building Size

730,000 SF

Asset Type

Industrial

Closing

Sep 9, 2021

AI

Located at 16101 Three Wide Drive in Fort Worth, this industrial property was recently sold in a closed transaction. Spanning across 730,000 square feet, the property offers ample space for industrial operations. The transaction took place on 09/09/2021, with Alan Yang and Mark Saturno featuring in the accompanying image.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 16101 Three Wide Drive, Fort Worth
  • Market: Fort Worth
  • Buyer: GLP Capital Partners - Alan Yang
  • Seller: IDI Logistics - Mark Saturno

The buyer involved in this transaction is GLP Capital Partners, represented by Alan Yang. On the other hand, IDI Logistics, represented by Mark Saturno, acted as the seller. While the transaction amount is not specified, the sale of this industrial property signifies a significant deal in the Fort Worth market.

Players

Alan Yang

GLP Capital Partners

Buyer

$801.2M

vol

9 deals

Buyer

Mark Saturno

IDI Logistics

Seller

$886M

vol

7 deals

Seller

Fort Worth Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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