Marcus & Millichap Sells Multi-Tenant Industrial Facility In Fort Worth, Texas
5950 Park Vista Cir Fort Worth, TX 76244, USA
Building Size
26,964 SF
Asset Type
Industrial
Closing
Jun 6, 2023
AI
A multi-tenant industrial facility located at 5950 Park Vista Circle in Fort Worth, Texas has been sold by Marcus & Millichap. The property spans 26,964 square feet and sits on a 1.79-acre site. The transaction was facilitated by brokers Davis Cagle and Tyler Ranft.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: N/A
- Square Footage: 26,964
- Address: 5950 Park Vista Circle, Fort Worth, Texas
- Market: Fort Worth
- Brokers: Davis Cagle & Tyler Ranft - Marcus & Millichap
A buyer from New York, seeking a high-yield asset in the robust industrial market, was secured by Davis Cagle and Tyler Ranft as they marketed the property.
Players
Texas 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