MDH Partners Acquires Industrial Property In Fort Worth From Bandera Ventures & Invesco Real Estate
8400 Oak Grove Road, Fort Worth, TX, USA
Building Size
954,611 SF
Asset Type
Industrial
Closing
Nov 22, 2021
AI
An industrial property located at 8400 Oak Grove Road and 1401 Everman Parkway in Fort Worth has been sold. The property spans approximately 954,611 square feet. The sale took place on November 22, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 8400 Oak Grove Road, 1401 Everman Parkway
- Market: Fort Worth
- Square Footage: 954,611
The buyer for this transaction is MDH Partners, represented by Georga Rowe. The seller is Bandera Ventures and Invesco Real Estate. J. Scott Moore from CBRE acted as the buyer's representative, while JLL served as the seller's representative.
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