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
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