Stonemont Financial Group Sells Industrial Building To Giti Tire USA At DFW Point35 Business Park
2201 Stonemont Way
Building Size
218,000 SF
Asset Type
Industrial
Closing
Nov 6, 2023
AI
Stonemont Financial Group has sold a 218,000-square-foot industrial building located at 2201 Stonemont Way in the Fort Worth market of Texas. The property, situated in the DFW Point35 business park, was acquired by Dot Foods. The sale price of the property and the previous occupant, OmniCable, were not disclosed.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Square Footage: 218,000
- Address: 2201 Stonemont Way
- Market: Fort Worth
Giti Tire USA, represented by Enki Tan, purchased the industrial building from Stonemont Financial Group, represented by Zack Markwell. CBRE served as the broker in this transaction.
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