CanTex Capital Acquires Industrial Property In Fort Worth, TX
2415 Cold Springs Road, Fort Worth, Texas 76106, United States
Building Size
38 SF
Asset Type
Industrial
Closing
Apr 17, 2023
AI
An industrial property located at 2415 Cold Springs Road in Fort Worth, TX has been sold. The property spans a total area of 4.6 acres and encompasses 38,496 square feet of space. The sale took place on November 14, 2022. Todd Hubbard captured an image of the property, providing a visual representation of the asset.
Summary of transaction details
- Property Type: Industrial
- Square Footage: 38,496
- Acres: 4.6
- Market: Fort Worth, TX
- Date: November 14, 2022
CanTex Capital, a buyer, successfully acquired the industrial property located at 2415 Cold Springs Road. They made the purchase through the representation of Todd Hubbard, who works at NAI Robert Lynn brokerage firm. Todd Hubbard's expertise and assistance played a significant role in facilitating the transaction between CanTex Capital and the seller.
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