CanTex Capital Acquires Industrial Facility In Fort Worth With Todd Hubbard As Seller's Rep
4901 N Beach St, Fort Worth, TX, 76137
Building Size
124,658 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
The industrial facility located at 4901 N. Beach St. in Fort Worth, Texas, spans 124,658 square feet and was built in 1981 on 11.5 acres of land. The property includes additional outdoor storage space and was recently acquired by Dallas-based CanTex Capital. Todd Hubbard of NAI Robert Lynn represented the seller, G&W Ventures, in the transaction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Market: Fort Worth
- Seller's Rep: Todd Hubbard (NAI Capital)
- Buyer: CanTex Capital
- SF: 124,658
Todd Hubbard, working with NAI Robert Lynn, facilitated the sale of the industrial property to CanTex Capital. Hubbard will also be responsible for handling the leasing of the space on behalf of the new owner. The property, now under CanTex Capital's ownership, is set to be rebranded as Beach Industrial Park, with a strategic focus on attracting e-commerce tenants for occupancy.
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