Updated Oct 29, 2024
Cushman & Wakefield Represents Buyer In $8.1M Industrial Sale Fort Worth
5601 Mark IV Pkwy, Fort Worth, TX 76131, USA
$8,110,000
$87/SF
Building Size
92,450 SF
Asset Type
Industrial
Closing
Nov 1, 2020
About this deal
AI
An industrial property located at 5601 Mark IV Parkway in Fort Worth was recently sold for a total of $8,110,000. The transaction took place on 11/02/2020 and involved a total square footage of 92,450. The price per square foot was $88, reflecting the market value of the property.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,110,000
- Address: 5601 Mark IV Parkway
- Market: Fort Worth
The seller of the property was Infinity nine of Fort Worth LLC. Representing the seller were Ryan Barr and Ryan Bennett from Lee & Associates North San Diego County. Cushman & Wakefield served as the buyer's representative in the deal. This transaction showcases the involvement of these key individuals and companies in the successful sale of the industrial property in Fort Worth.
On the Map
$8,110,000
$87/SF
Industrial
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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
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93