Updated Oct 29, 2024
Exeter Property Group Acquires 796,566 SF Warehouse In Fort Worth From Scannell Properties – Ward Fitzgerald
2601 Petty Pl, Fort Worth, TX 76177, USA
Building Size
796,566 SF
Asset Type
Industrial
Closing
Nov 3, 2020
About this deal
AI
The warehouse located at 2601 Petty Place in Fort Worth has been sold. The property measures 796,566 square feet and was purchased by Exeter Property Group. The transaction took place on November 4, 2020. Scannell Properties, represented by Ward Fitzgerald, served as the seller in this deal.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: Not specified
Exeter Property Group acquired the warehouse located at 2601 Petty Place in Fort Worth. This transaction, which took place on November 4, 2020, involved a property spanning an area of 796,566 square feet. The seller in this deal was Scannell Properties, with representation by Ward Fitzgerald.
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