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4250 Northern Cross Bouleva...

CBRE Global Investors Acquires Industrial Properties In Haltom City For $Undisclosed
SOLDIndustrial

CBRE Global Investors Acquires Industrial Properties In Haltom City For $Undisclosed

4250 Northern Cross Boulevard, Haltom City, Texas 76137, United States

Building Size

952,000 SF

Asset Type

Industrial

Closing

Oct 13, 2021

AI

The recently closed property transaction in Haltom City involved an industrial asset spanning 58.5 acres with a total square footage of 952,000. The property, located at 4250 & 4251 Northern Cross Blvd and 5020 & 5030 Anderson Blvd, was part of a sale.

Summary of transation details

CBRE Global Investors, represented by Chuck Leitner, acted as the buyer in this transaction. On the other side, the seller consisted of Creation Equity and Walton Street Capital. The deal was facilitated by a team of brokers from JLL, including Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe, and Matthew Barge.

Players

Stephen Bailey

Newmark

Broker

$323.3M

vol

48 deals

Broker
Chuck Leitner

Chuck Leitner

CBRE

Buyer

4 deals

Buyer
Walton Street Capital
Walton Street CapitalSeller
Walton Street Capital
Walton Street CapitalLender

Haltom City 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