Wade Lau Of Founders Properties Acquires 122259 SF Industrial Building In Fort Worth
4401 Cambridge Road
Building Size
122,259 SF
Asset Type
Industrial
Closing
Dec 2, 2024
AI
The property involved in this transaction is a 122,259-SF industrial distribution building located at 4401 Cambridge Road in Fort Worth. It is fully leased to Venture Solutions, adding to its investment appeal in the local market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 4401 Cambridge Road
- Market: Fort Worth
- Buyer: Wade Lau - Founders Properties
- Brokers: James Carpenter, Jud Clements, Robby Rieke & Trevor Berry - Cushman & Wakefield
- Mortgage Brokers: Brian Share, Max Schafer & Robert Rubano - Cushman & Wakefield
Founders Properties, represented by Wade Lau, successfully acquired the property with the assistance of Cushman & Wakefield, which not only represented the undisclosed seller but also facilitated financing for the acquisition. The mortgage brokerage was handled by Brian Share, Max Schafer, and Robert Rubano, also of Cushman & Wakefield.
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