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4401 Cambridge Road

Wade Lau Of Founders Properties Acquires 122259 SF Industrial Building In Fort Worth
SOLDIndustrial

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:

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

Brian Share

Cushman & Wakefield

Broker

$3.8B

vol

24 deals

Broker

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