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4901 N Beach St, Fort Worth...

CanTex Capital Acquires Industrial Facility In Fort Worth With Todd Hubbard As Seller's Rep
SOLDIndustrial

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

Todd Hubbard

NAI Global

Broker

9 deals

Broker
CanTex Capital
CanTex CapitalBuyer

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