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4201 North Beach Street, Fo...

Faropoint Acquires Industrial Property In Fort Worth From Marbella Interests LLC
SOLDIndustrial

Faropoint Acquires Industrial Property In Fort Worth From Marbella Interests LLC

4201 North Beach Street, Fort Worth, Texas 76137, United States

Building Size

182,500 SF

Asset Type

Industrial

Closing

Jan 3, 2022

AI

Mercantile Distribution Center 40, an industrial property located in Fort Worth, has been sold in a recent transaction. The property spans across 182,500 square feet and was part of a sale in early 2022.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Address: Mercantile Distribution Center 40
  • Market: Fort Worth
  • Asset Type: Industrial - SF: 182,500

The buyer of the Mercantile Distribution Center 40 was Faropoint, a company involved in the purchase of the industrial property. Marbella Interests LLC, on the other hand, served as the seller in this transaction. The deal was facilitated by the brokering services of Randy Baird, Jonathan Bryan, Ryan Thornton, and Eliza Bachhuber, all representing CBRE.

Players

Randy Baird

CBRE

Broker

23 deals

Broker
Faropoint
FaropointBuyer

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