Updated Oct 29, 2024
Fort Capital Acquires 178,835 SF Industrial Property In Farmers Branch
4200 Spring Valley Rd Farmers Branch, TX 75244, USA
Building Size
178,835 SF
Asset Type
Industrial
Closing
Jun 6, 2023
About this deal
AI
Fort Capital, led by Chris Powers, has acquired the Spring Valley Tech Center in Farmers Branch, Texas. The industrial property spans 178,835 square feet and is located at 4200 Spring Valley Road. As per the transaction details, the property was purchased for an undisclosed amount.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Market: Farmers Branch
- Square Footage: 178,835
The Spring Valley Tech Center is currently over 90 percent leased, further expanding Fort Capital's industrial property portfolio. With properties across Texas, Florida, Tennessee, and Georgia, Fort Capital continues to grow its presence in the industrial real estate market.
Players
Texas Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
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