CanTex Capital Acquires 880,000 SF Industrial Campus In Fort Worth, Texas
3201 N Sylvania Ave, Fort Worth, TX...
Building Size
880,000 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
The Sylvania Industrial Park in Fort Worth, Texas, is an 880,000-square-foot manufacturing campus. Located at 3201 N Sylvania Ave, this industrial asset stands out as the largest crane- and rail-served manufacturing campus in the metroplex. The transaction involved the sale of this industrial property, with the buyer being CanTex Capital from Dallas. The buyer was represented by Todd Hubbard of NAI Robert Lynn.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Disclosed
- Buyer: CanTex Capital
- Buyer's Representative: Todd Hubbard (NAI Capital)
- Market: Fort Worth
- Square Footage: 880,000
The sale of Sylvania Industrial Park was facilitated by Todd Hubbard of NAI Robert Lynn on behalf of the buyer, CanTex Capital. CanTex Capital, a Dallas-based company, intends to implement a value-add program for the industrial asset following the acquisition. The seller and the exact sales price were not disclosed, as per the brokerage team overseeing the deal.
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