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4700 Marine Creek Parkway, ...

Elbit Systems Industrial/Office Campus Sold In Fort Worth To Bezhalel Machlis - Marcus & Millichap
SOLDIndustrial

Elbit Systems Industrial/Office Campus Sold In Fort Worth To Bezhalel Machlis - Marcus & Millichap

4700 Marine Creek Parkway, Fort Worth, TX 76179, USA

Building Size

215,729 SF

Asset Type

Industrial

Closing

Jun 30, 2020

AI

The Industrial/Office campus located at 4700 Marine Creek Pkwy in Fort Worth has been sold. The property, which spans 215,729 square feet, was purchased by Elbit Systems. The transaction took place on July 1, 2020.

Summary of transaction details

  • Property Type: Industrial/Office campus
  • Transaction Date: July 1, 2020
  • Address: 4700 Marine Creek Pkwy, Fort Worth
  • Market: Fort Worth
  • Total Square Footage: 215,729

Elbit Systems, represented by Bezhalel Machlis, acquired this property situated on 25 acres. The campus has been leased to Elbit Systems since 1993 on a triple-net basis. Marcus & Millichap, with Adam Abushagur as the broker, facilitated the transaction on behalf of Elbit Systems.

Players

Adam Abushagur

Marcus & Millichap

Broker

$97.3M

vol

44 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