Longpoint Realty Partners Acquires 587,287 SF Industrial Property In Fort Worth From Rosedale Industrial Park LLC
5901 East Rosedale Street
Building Size
587,287 SF
Asset Type
Industrial
Closing
Dec 22, 2023
AI
An industrial property in Fort Worth at 5901 E. Rosedale St has been sold in a recent transaction. The property spans an impressive 587,287 square feet and is located in the Rosedale Industrial Park.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not mentioned
- Address: 5901 East Rosedale Street
- Market: Fort Worth
- Square Footage: 587,287
The buyer, Longpoint Realty Partners, a Boston-based company, acquired the industrial property. They were represented by Dwight Y. Angelini from their team. On the other hand, the seller of the property was Rosedale Industrial Park LLC.
The sale was brokered by Colton Rhodes from Lee & Associates. The involvement of Colton Rhodes from Lee & Associates as the representative of the buyer adds value to the transaction.
Players
Fort Worth Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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