TCI Transportation Acquires Industrial Service Facility At 7200 Midway Road Fort Worth From Rockbrook Equity
7200 Midway Road
Building Size
13,465 SF
Asset Type
Industrial
Closing
Aug 20, 2024
AI
The property involved in this transaction is a 13,465 square foot Industrial Service Facility located at 7200 Midway Road in Fort Worth, Texas, situated on 3.87 acres. It was sold on August 20, 2024.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Buyer: TCI Transportation
- Seller: Conor Horowitz, Cole Horowitz & Jon Birnbrey - Rockbrook Equity
- Buyer's Representative: Doc Perrier - Outpost Partners
- Seller's Representative: Chris Wong - Bradford Commercial Real Estate Services
This transaction was brokered by Bradford Commercial Real Estate Services, a locally owned firm established in 1989, specializing in various real estate services such as property sales, leasing, management, and investment strategies.
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