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
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