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
Fort Worth Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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