Romit Cheema Of CanTex Capital Acquires 230292 SF Industrial Property In Fort Worth
7901 South Freeway
Building Size
230,292 SF
Asset Type
Industrial
Closing
Mar 10, 2025
AI
A 230,292-square-foot industrial property has been acquired by CanTex Capital, located at 7901 South Freeway in Fort Worth. This manufacturing facility sits on 20 acres and features 26-foot clear heights along with multiple loading doors, making it suitable for industrial operations. CanTex plans to implement capital improvements following the purchase.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Square Footage: 230,292
- Address: 7901 South Freeway
- Market: Fort Worth
- Buyer: Romit Cheema - CanTex Capital
- Broker: Todd Hubbard - NAI Global
Romit Cheema represented CanTex Capital in this acquisition, while Todd Hubbard acted as the broker for the transaction, representing the buyer throughout the deal. This move aligns with CanTex's strategy of expanding its real estate portfolio in the industrial sector.
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