facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Sale

/

3951 Old Denton Road

Institutional Buyer Acquires Fully Leased Northmark Commerce Center In Haltom City, Dallas-Fort Worth
SOLDIndustrial

Institutional Buyer Acquires Fully Leased Northmark Commerce Center In Haltom City, Dallas-Fort Worth

3951 Old Denton Road

Building Size

234,000 SF

Asset Type

Industrial

Closing

Jan 4, 2024

AI

An institutional buyer has purchased the fully leased, 234,000-square-foot Northmark Commerce Center in Haltom City, Dallas-Fort Worth. The property is located at 3951 Old Denton Road and sits on 20 acres of land. This industrial asset is situated in a high-growth logistics hub, approximately seven miles north of downtown Fort Worth. The transaction took place on 01/04/2024.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Square Footage: 234,000
  • Address: 3951 Old Denton Road
  • Market: Haltom City
  • Acres: 20

The sellers of the Northmark Commerce Center were David Sellers, representing Creation Equity, and Michael Levy, representing a real estate fund advised by Crow Holdings Capital. Newmark brokers Chloie Johnson Mercer, Dom Espinosa, Dustin Volz, Jack Fraker, Stephen Bailey, Taylor Hare, and Zach Riebe facilitated the transaction.

Players

Stephen Bailey

Newmark

Broker

$323.3M

vol

48 deals

Broker

Haltom City Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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