Updated Oct 28, 2024
Drake & Hen LLC Acquires Industrial Property In Haltom City For $Undisclosed
4201 Clay Avenue, Fort Worth, Texas 76117, United States
Building Size
7,750 SF
Asset Type
Industrial
Closing
Feb 13, 2022
About this deal
AI
The industrial property located at 4201 Clay Ave. in Haltom City has been sold. This property spans approximately 7,750 square feet and sits on 0.45 acres. The transaction took place on February 14, 2022. The property was part of the industrial asset class.
Summary of transaction details
- Property Type: Industrial
- Sale Date: 02/14/2022
- Address: 4201 Clay Ave.
- Market: Haltom City
- Size: 7,750 square feet
- Acres: 0.45
Drake & Hen LLC acquired the property from Cascade Heights Partners LLC. Nick Talley from Bradford Commercial Real Estate Services represented Drake & Hen LLC as their buyer's representative in the transaction. On the other hand, Michael Newsome from NAI Robert Lynn served as the seller's representative for Cascade Heights Partners LLC.
On the Map
Industrial
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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