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2660 Petty Place, Fort Wort...

James Campbell Co. Acquires 798,246 SF Industrial Property In Fort Worth From Scannell Properties
SOLDIndustrial

James Campbell Co. Acquires 798,246 SF Industrial Property In Fort Worth From Scannell Properties

2660 Petty Place, Fort Worth, TX, USA

Building Size

798,246 SF

Asset Type

Industrial

Closing

Dec 8, 2020

AI

The industrial property located at 2660 & 2401 Petty Place in Fort Worth has been sold. The property spans across 798,246 square feet and sits on 55 acres of land.

Summary of transaction details:

The deal was facilitated by John Huguenard, Dustin Volz, Stephen Bailey, Dom Espinosa, and Zach Riebe from JLL, who represented both the seller Scannell Properties and the buyer James Campbell Co.

Players

Stephen Bailey

Newmark

Broker

$323.3M

vol

48 deals

Broker

James Campbell

Co

Buyer

$54M

vol

5 deals

Buyer
Scannell Properties
Scannell PropertiesSeller

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