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3201 N Sylvania Ave, Fort W...

CanTex Capital Acquires 880,000 SF Industrial Campus In Fort Worth, Texas
SOLDIndustrial

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

Todd Hubbard

NAI Global

Broker

9 deals

Broker
CanTex Capital
CanTex CapitalBuyer

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