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2201 Stonemont Way

Stonemont Financial Group Sells Industrial Building To Giti Tire USA At DFW Point35 Business Park
SOLDIndustrial

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.

Players

Zack Markwell

Stonemont Financial Group

Seller

$358.8M

vol

11 deals

Seller

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