SOLDIndustrial
CIM Group Acquires 1,128,000 SF Industrial Property On Oak Grove Road In Fort Worth, Tarrant County
7550 Oak Grove Road, Fort Worth, Tarrant County, TX, USA
Building Size
1,128,000 SF
Asset Type
Industrial
Closing
May 27, 2020
AI
A 1,128,000 square foot industrial property located at 7550 Oak Grove Road in Fort Worth, Tarrant County has been sold. The sale took place on May 28, 2020.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Market: Tarrant County
- Buyer: CIM Group - Shaul Kuba, Richard Ressler, & Avi Shemesh
The buyer of this industrial property is CIM Group, represented by Shaul Kuba, Richard Ressler, and Avi Shemesh.
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