CanTex Capital Acquires 38,496 SF Industrial Building In Fort Worth
2415 Cold Springs Rd, Fort Worth, TX...
Building Size
38,496 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
The industrial building located at 2415 Cold Springs Road in Fort Worth, Texas, spans 38,496 square feet and is situated on a 4.6-acre lot. The property offers easy access to Interstates 35 and 30, as well as State Highway 183.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Buyer: CanTex Capital
- Buyer's Representative: Todd Hubbard (NAI Robert Lynn)
The off-market deal for the industrial building was brokered by Todd Hubbard of NAI Robert Lynn on behalf of the buyer, CanTex Capital. The seller of the property and the sales price have not been revealed.
Players
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