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401 Railhead Rd Fort Worth,...

Westcore Properties Acquires Railhead Business Station In Fort Worth From BentallGreenOak
SOLDIndustrial

Westcore Properties Acquires Railhead Business Station In Fort Worth From BentallGreenOak

401 Railhead Rd Fort Worth, TX 76106, USA

Building Size

519,905 SF

Asset Type

Industrial

Closing

Aug 11, 2023

AI

Westcore Properties has acquired the Railhead Business Station, a 519,905-square-foot industrial campus located at 401, 500, 600 & 800 Railhead Road in Fort Worth, Texas. The Class A complex sits on 27 acres of land and is fully occupied by 11 tenants. It features 24-foot clear heights, ESFR sprinkler systems, and refrigerated storage options.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 401, 500, 600 & 800 Railhead Road, Fort Worth, Texas
  • Market: Fort Worth
  • Square Footage: 519,905
  • Acres: 27
  • Buyer: Westcore Properties
  • Seller: BentallGreenOak
  • Brokers: Seth Koschak & Matteson Hamilton - Stream Realty Partners

The acquisition of the Railhead Business Station was facilitated by Seth Koschak and Matteson Hamilton of Stream Realty Partners, acting as the buyer's representatives. Westcore Properties, the buyer, saw immense value in this fully occupied industrial complex with its prime location in Fort Worth, Texas. The transaction marks an important milestone for both Westcore Properties and the seller, BentallGreenOak.

Players

Matteson Hamilton

Stream Realty Partners⁠

Broker

9 deals

Broker
WP
Westcore PropertiesBuyer

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