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
- Property Type: Industrial
- Transaction Amount: Not specified
- Market: Haltom City
- BUYER: CBRE Global Investors - Chuck Leitner
- SELLER: Creation Equity & Walton Street Capital
- BROKERS: Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe, & Matthew Barge - JLL
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
Haltom City 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